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NZ dollar closes higher

2010-03-17 11:11:54
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The New Zealand dollar pushed on higher Wednesday particularly against the Australian dollar.

At close, the NZ dollar had risen to 71.22c from 70.90c at 8am, which was up from 70.44c at close Tuesday. It is near six-week highs.

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Against the Australian dollar, the kiwi dollar closed at A77.52 c from A 76.97 c on Tuesday.

It was strong after the Federal Reserve kept United States interest rates unchanged and reiterated a pledge to keep rates exceptionally low for an extended period.

Also, the euro gained against the dollar on Tuesday after ratings agency Standard & Poor's took Greece off credit watch.

The NZ dollar was little changed against the European currency, edging up to 0.5166 euro at 5pm from 0.5144 yesterday.

It was at 64.19 yen from 63.47 yesterday and the trade weighted index was up to 65.48 from 64.96.

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