NZ dollar TWI above 78 for first time, kiwi at 5-year high vs. yen

Mon, 08 Apr 2013

April 9 (BusinessDesk) – The trade-weighted index of the New Zealand dollar rose above 78 for the first time since it was floated in 1985 and the kiwi soared against the yen as Japan followed the US in flooding its currency market. The TWI rose to 78.14 from 77.72 at 5pm in Wellington yesterday. The kiwi gained to 84.06 yen from 82.98 yen and rose to 84.57 US cents from 84.20 cents. The Bank of Japan yesterday offered to buy 1 trillion yen of bonds maturing in 5-10 years and 200 billion yen of bonds maturing in more than 10 years in the firs...

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