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Viewing entries tagged with 'US'

team Robert Spring

New Zealand Dollar rises to 0.8380

Posted by Robert Spring on 17 February 2012

THE NZD/USD is continuing to build on its gains firming to a session high of 0.8381, buoyed by solid domestic AUD/USD buying as well as NZD/YEN cross demand out of Tokyo which has seen the cross rally from 65.75 through 66.00 triggering follow through buying. Comments from Mr Bollard that “The income gap between NZ and Australia and other OECD countries may be smaller than it appears from official figures.

New Zealand’s gross domestic product, for example, could be roughly as much as 10 per cent higher than official figures suggest, when compared with Australia, he said.

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