Wednesday, June 27, 2007

New Zealand Dollar Gains as First Quarter Current Account Deficit Narrows

(Bloomberg) -- The New Zealand dollar rose after
government reports showed the nation's current account deficit
narrowed in the first quarter and more new homes were built in
May compared with a month earlier.

The currency bought 76.43 U.S. cents at 10:56 a.m. in
Wellington from 76.24 cents immediately before the report's
release and 76.10 in late Asian trading yesterday.


Read more at Bloomberg Currencies News

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