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NZ dollar rises on G-7’s statement stumble, increased risk appetite

The New Zealand dollar rallied above 84 US cents after a Group of Seven leading nations’ official said the body was concerned about excessive moves in the yen, leading to broad selling of the greenback and lifting so-called riskier currencies. The New Zealand dollar recently traded at 84.06 US cents, having climbed as high as 84.36 cents overnight, from 83.50 …

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MARKET CLOSE NZ shares fall, led by OceanaGold; Turners Auctions gains

New Zealand shares fell, paced by gold miner OceanaGold and casino operator Sky City Entertainment Group ahead of their earnings this week. Turners Auctions rose after meeting guidance and lifting its dividend. The NZX 50 Index rose 2.38 points, or 0.1 percent, to 4218.12. Within the index, 21 stocks fell, 14 rose and 15 were unchanged. Turnover was $112 million. …

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NZ dollar sheds gains amid reports of North Korean nuke testing

The New Zealand dollar shed gains in local trading amid fears seismic activity in North Korea may be the result of nuclear testing, a prospect likely to spook investors. The kiwi fell to 83.45 US cents at 5pm in Wellington from 83.78 cents at 8am and up from 83.28 cents yesterday. The trade-weighted index rose to 76.01 from 75.54 yesterday. …

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