New Zealand dollar tad higher on rising oil prices

Mon, 08 Apr 2019

By Rebecca Howard April 9 (BusinessDesk) - The kiwi got a slight lift overnight as a gain in oil prices on the back of heightened geopolitical risk boosted commodity currencies. The kiwi was trading at 67.41 US cents at 7:45 am in Wellington from 67.32 US cents at 5pm in Wellington yesterday. The trade-weighted index was at 73.12 points from 73.14. Oil prices reached a five-month high overnight on concern Libyan production is threatened by the escalating battle for Tripoli, said Stuart Ive, private client manager at OMF. "Kiwi ral...

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