Feb. 17 (Bloomberg) -- The New Zealand dollar advanced after Reserve Bank Governor Alan Bollard said the country’s economic performance may be understated.
The so-called kiwi climbed 0.3 percent to 83.57 U.S. cents at 12:26 p.m. in Wellington from 83.30 cents in New York yesterday.
“New Zealand is in some ways better off than is often thought,” he said in e-mailed notes for a speech to the Trans Tasman Business Circle in Auckland today. He said gross domestic product may be as much as 10 percent higher than official data relative to other nations.
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