NZ, Aussie dollars stabilise after China bolsters yuan

Mon, 11 Jan 2016

By Tina Morrison Jan. 12 (BusinessDesk) - The New Zealand and Australian currencies, which have shed 4.4 percent against the greenback so far this year, stabilised as risk sentiment improved after reports China had stepped in to bolster the yuan. The kiwi advanced to 65.40 US cents at 8am in Wellington, from 65.29 cents at 5pm yesterday, while the Aussie held at 69.74 US cents from 69.72 cents. The trade-weighted index gained to 72.08 from 71.94 yesterday. The currencies of commodity producing countries such as New Zealand and Australi...

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