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http://www.scoop.co.nz/stories/BU1012/S00854.htm NZ dollar climbs above 77 cts, fourth-best performer in 2010 Friday, 31 December 2010, 9:20 am Article: BusinessDesk NZ dollar climbs above 77 US cts, fourth-best performer in 2010 By Paul McBeth Dec. 31 (BusinessDesk) – The New Zealand dollar climbed above 77 U.S. cents for the first time since November as strong commodity prices underpinned support for riskier, or higher-yielding, assets, leaving the kiwi poised to be the fourth-best currency this year. The kiwi, Australian and Canadian dollars, viewed as commodity currencies, were bolstered by more strength in copper, aluminium and lead prices as investors look for bigger returns in thin trading during the holiday season. The kiwi’s 6.7% gain is the fourth biggest this year behind the yen, Australian dollar and Swiss franc. The kiwi hit a 31-year high against the pound, touching 50.09 pence, after analysts were more pessimistic about the outlook for the U.K. economy in the face of its austerity measures. [....]

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