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Kiwi tumbles as US$ climbs

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Fears that the New Zealand dollar would continue its upward spiral were put to rest yesterday when comments from the US Federal Reserve chairman Ben Bernanke revived optimism about the US economy, sending the greenback higher and the Kiwi sharply lower. Statements from the Federal Reserve yesterday were at first perceived as being bearish for the greenback, which meant the kiwi spiked higher to ...

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