NZ dollar rises after heartening Chinese data

NZ dollar rises after heartening Chinese data
Jenny Ruth
By Jenny Ruth July 15 (BusinessDesk) - July 15 (BusinessDesk) - The New Zealand dollar rose after a raft of Chinese economic data that mostly beat expectations. The kiwi was trading at 67.19 US cents at 5pm in Wellington from 66.81 at 7:50am while the trade-weighted index was at 73.35 points from 73.03. The New Zealand dollar had already been gaining from US dollar weakness amid expectation that the Federal Reserve will be cutting interest rates shortly. Although the Chinese economy grew at its slowest pace in 27 years in the June q...

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