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NZ dollar may rise on commodities, weaker yen

Posted on 20 February 2009

From Scoop.co.nz: The New Zealand dollar may push higher as commodity prices bounce back from multi-year lows, and the yen weakens on concern Japan, the world’s second-biggest economy, will delay its stimulus plans.

The Reuters Jeffries CRB index, a broad measure of the price of raw materials, rose 1.3% as demand for oil and copper picked up. Figures this week showed Japan’s fourth-quarter gross domestic product fell 3.3%, while Finance Minister Shoichi Nakagawa resigned, sparking concern fiscal spending plans will be delayed. ….. Full Article: Source


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