Day: May 22, 2008

New Zealand Dollar Grows on Taxes Cut

The New Zealand dollar rose today against all other major currencies at a fastest pace in months as the Finance Minister Michael Cullen cut the income tax supporting the national economy. Kiwi (a nickname for the New Zealand’s currency) climbed today for a third consecutive day against the U.S. dollar — it’s biggest gain since late February as the investors favored high-yielding local bonds over […]