NZ dollar firms; China data supports global recovery picture

Mon, 02 Dec 2019

The New Zealand dollar firmed marginally as Chinese manufacturing data added to signs of recovery in the global economy. The kiwi was trading at 64.30 US cents at 8am from 64.20 cents in New York on Friday and 64.23 that afternoon in Wellington. The trade-weighted index was at 71.31 from 71.22. Data from China’s National Bureau of Statistics on Saturday showed activity in the country’s factories unexpectedly increased last month. The purchasing managers’ index climbed to 50.2, its highest level since March and ahead of the 49.5 expected,...

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