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Hemant
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« on: March 22, 2011, 05:00:35 am »

New Zealand Dollar Rises on IMF Comment

The New Zealand currency rose versus a number of the 16 most traded currencies in forex markets today after the International Monetary Fund commented on the nation's financial policies.

The Kiwi dollar profited also as commodities, one of the key-exports in the nation rose worldwide, benefiting also from an IMF comment saying that interest rates in the country may have to be hiked relatively quickly, as the economy recovers.

Source: New Zealand Dollar Rises on IMF Comment
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