NZ dollar TWI at post-float record on upbeat Fitch outlook

Wed, 09 Jul 2014

By Suze Metherell July 9 (BusinessDesk) - The New Zealand dollar rose to a post-float high on a trade weighted basis after a more upbeat outlook from credit rating agency Fitch Ratings attracted investors seeking bigger returns. The trade-weighted index climbed to 81.72 at 5pm in Wellington from 81.51 yesterday. The local currency was trading at 87.93 US cents, from 87.83 cents at 8am this morning and up from 87.63 cents at 5pm yesterday. The kiwi rose to a three year-high against the greenback overnight after Fitch affirmed the New...

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