Bloomberg News

N.Z. Dollar Advances as RBNZ Says Commodity Prices Very Strong

June 08, 2011

June 9 (Bloomberg) -- The New Zealand dollar climbed after the Reserve Bank left interest rates unchanged and said that prices for the country’s commodities “remain very strong.”

The currency jumped to 81.89 U.S. cents as of 9:04 a.m. in Wellington, from 81.50 cents before the central bank’s announcement.

To contact the reporter on this story: Candice Zachariahs in Sydney at czachariahs2@bloomberg.net

To contact the editor responsible for this story: Garfield Reynolds at greynolds1@bloomberg.net


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