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Commodity-based currencies strengthen on higher energy prices

Posted on 28 March 2014

The New Zealand dollar, along with some other currencies of nations that rely heavily on the export of raw goods, strengthened Thursday, boosted by rising oil and natural-gas prices and some positive economic data.
The New Zealand dollar gained 1% against its U.S. counterpart, to $0.8674, and 1.1% against the yen, to 88.60. Intraday, the New Zealand currency reached $0.8688 against U.S. dollar, its highest level since Aug. 2, 2011. The Canadian dollar rose 0.6% against the U.S. currency and 0.8% versus the yen………………………………Full Article: Source


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