Weak NZ dollar gains respite from better-than-expected Chinese data

Weak NZ dollar gains respite from better-than-expected Chinese data
Jenny Ruth
By Jenny Ruth Sept. 2 (BusinessDesk) - The New Zealand dollar rose after surprisingly strong manufacturing data from China lifted it slightly out of the doldrums, but the prevailing sentiment remains negative. The kiwi was trading at 63.07 US cents at 5:05pm in Wellington from 62.93 cents at 7:55am. The trade-weighted index was at 70.58 from 70.44. The currency fell as low as 62.91 US cents on Friday, the first time it had fallen below 63 in four years. The average level for the currency in the past 10 years was 73 US cents. In Chin...

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