The kiwi trades up amid growing New Zealand's economy

Source: Bloomberg
© scanpix/AFP
New Zealand's Dollar halted declines as strategists improved forecasts. The kiwi advanced 3.9% throughout the year 2012, showing the biggest increases among ten most developed-market currencies. Investors are trading the currency on accelerated pace of economic growth prompted by housing rebounds and soaring demand for dairy products. The currency gained 0.2% to 81.17 U.S. cents, rebounding from its lowest level of 74.57 U.S. cents in May.
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