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Sovereign Wealth Funds Briefing - Categorized | Investment, Reserve Currencies, Trends

N.Z. dollar rises to three-year high on optimism China will buy

Posted on 27 May 2011

New Zealand’s dollar rose to the highest level since March 2008 on speculation China will buy the nation’s assets to diversify the world’s largest holdings of foreign reserves.
The so-called kiwi headed for the biggest weekly gain in two months after the Marlborough Express newspaper reported today Finance Minister Bill English said that China Investment Corp., a sovereign wealth fund, has expressed interest in buying his country’s government bonds at auction……………………………………….Full Article: Source


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