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Stuff reports that New Zealand's........>

NEW ZEALAND
NEW ZEALAND: Stuff reports that New Zealand's Superannuation Fund may review its
"policy of hedging almost all of its foreign investments in New Zealand
dollars." Per the report, "[a] change could expose a meaningful portion of the
$43 billion fund to foreign currency movements and mean more volatility in the
local value of the fund which could bounce around by billions as the dollar rose
or fell." Most of the fund's investments are passive in overseas companies and
bonds, with many of those investments denominated in USD.
- See full story at: http://tiny.cc/Superannuation
- NZD outperforms all of its peers from the G10 basket; NZD/USD last sits 16
pips better off at $0.6365.

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