NZ dollar TWI hits fresh post-float high as BOJ keeps kiwi attractive, RBNZ's Spencer talks housing

Mon, 08 Apr 2013

By Paul McBeth April 8 (BusinessDesk) - The New Zealand dollar hit a fresh post-float high on a trade-weighted basis as the Bank of Japan's moves to print massive amounts of money keeps the kiwi well supported, and as Reserve Bank deputy governor Grant Spencer gave the local housing market a serve. The trade-weighted index climbed as high as 77.77, the highest since the currency was floated in 1985, and traded at 77.72 at 5pm in Wellington from 77.64 on Friday in New York. The kiwi traded at 84.40 US cents from 84.13 cents at 8am and 84.31 c...

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