business | January 23, 2011 | 0 comments

NZ dollar rises as German business confidence surges

source: http://www.scoop.co.nz/stories/BU1101/S00279/nz-dollar-rises-as-german-business-confidence-s...

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The New Zealand dollar gained as investors’ appetite for higher-yielding, or riskier, assets was whetted by record-high business confidence in Germany, allaying fears of a European debt meltdown.Stocks in Europe and on Wall Street gained after the German Ifo institute’s business climate index reached its highest level since records began for a reunified Germany in 1991.
:http://www.scoop.co.nz/stories/BU1101/S00279/nz-dollar-rises-as-german-business-confidence-surges.htm
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    Business,  Climate,  Investors,  currencies
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