NZ dollar advances as commodity-linked currencies buoyed by improved sentiment

Thu, 27 Aug 2015

By Tina Morrison Aug. 28 (BusinessDesk) - The New Zealand dollar edged up along with other commodity linked currencies, with gains limited by a stronger US dollar buoyed by better economic data. The kiwi increased to 64.53 US cents at 8am in Wellington, from 64.35 cents at 5pm yesterday. The trade-weighted index gained to 69.82 from 69.67 cents yesterday. Investor sentiment improved after China’s Shanghai Composite Index closed higher for the first time in six sessions with a 5.4 percent gain on the previous close. That bolstered the o...

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