29 Jan 2013

Export result pushes NZ dollar higher

5:14 pm on 29 January 2013

The New Zealand dollar has risen higher on Tuesday after export figures came in better than expected.

The Kiwi was up nearly 1 cent in the afternoon from its overnight low against its US counterpart.

That is despite export figures published on Tuesday, which showed the second worst quarter for exports since 2009 at the end of 2012.

Westpac currency strategist Imre Speizer says the figures were better than forecasts by economists.

At 5pm on Tuesday, the New Zealand dollar was buying US83.6 cents.