NZ dollar climbs over 83 cts on business confidence
Thursday, 28 February 2013, 5:26 pm
NZ dollar climbs over 83 US cts on improving business
confidence, less dour Australian capex outlook
Feb. 28 (BusinessDesk) - The New Zealand
dollar climbed back above 83 US cents after a bank survey
showed local business confidence has continued to improve,
and as Australian capital expenditure figures weren't as bad
as investors were prepared for.
The kiwi rose to 83.15 US
cents at 5pm in Wellington from 82.43 cents at 8am and 82.42
cents yesterday. The trade-weighted index advanced to 75.97
from 75.49 yesterday.