Kiwi gains as Spanish rating held

Kiwi gains as Spanish rating held

Auckland : New Zealand | Oct 17, 2012 at 2:54 PM PDT
Source: Wellington Dominion
Views: Pending
The New Zealand dollar broke back above US82 cents for the first time in four sessions, riding the surge in investor sentiment after Moody's Investor Services refrained from cutting Spain's credit rating to junk. The kiwi recently traded at US82.09 cents, up from US81.73c at 5pm yesterday, while on... FULL ARTICLE AT Wellington Dominion
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S&P cut Spain's rating to BBB- from BBB+, just one level above "speculative" or "junk" grade debt
S&P cut Spain's rating to BBB- from BBB+, just one level above "speculative" or "junk" grade debt
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