Economics
N.Z. Dollar Rises to ’08 High Versus Yen Amid Global Stock Rally
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New Zealand’s dollar gained to the highest in more than four years versus the yen as optimism U.S. corporate earnings will extend a third year of growth boosted global stocks.
The so-called kiwi remained higher against the U.S. dollar following an advance yesterday. The Australian currency’s advance was tempered after a government report showed the nation’s retail sales unexpectedly fell.