NZ dollar advances as weaker US data weighs on greenback

Mon, 21 Dec 2015

By Tina Morrison Dec. 22 (BusinessDesk) - The New Zealand dollar advanced in light trading heading into the Christmas holiday period, after weaker US economic data weighed on the greenback. The kiwi rose to 67.67 US cents at 8am in Wellington, from 67.49 cents at 5pm yesterday. The trade-weighted index gained to 73.73 from 73.56 yesterday. The US dollar index, which measures the greenback against a basket of currencies, slid after data from the Chicago Federal Reserve suggested the US economy grew at a below average pace in November be...

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