Kiwi gains as RBNZ raises rates

Note: This section contains information in English only.
Source: Reuters
The New Zealand's currency significantly increased on Thursday trading session after the Reserve Bank of New Zealand raised its benchmark interest rates by 25 basis points from 2.5% to 2.75%. The so-called Kiwi advanced to $0.8567, the highest level in a 10-month period and it hit the highest level in five years against the Japanese Yen at 87.98.

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Thu, 13 Mar 2014 07:20:49 GMT

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