NZ dollar bounces as global pressures continue to weigh

Tue, 12 Jan 2016

By Paul McBeth Jan. 12 (BusinessDesk) - The New Zealand dollar bounced from its 4.4 percent fall against the greenback so far this year, though global pressures on inflation, commodity prices, and investor sentiment are expected to stifle demand for the local currency. The kiwi increased to 65.59 US cents at 5pm in Wellington from 65.40 cents at 8am and 65.29 cents yesterday. The trade-weighted index advanced to 72.27 from 71.94 yesterday. The kiwi and Australian dollars halted their decline this year as the People's Bank of China ag...

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