NZ dollar buoyed by upbeat Chinese trade data after commodity drop

Tue, 13 Jan 2015

By Paul McBeth Jan. 13 (BusinessDesk) - The New Zealand dollar was buoyed by better than expected Chinese trade figures after plunging when investors ditched commodity-linked currencies on falling prices for raw materials. The kiwi traded at 77.90 US cents at 5pm in Wellington, up from 77.74 cents at 8am, though still down from 78.54 cents yesterday. The trade-weighted index declined to 79.24 from 79.77 yesterday. China reported a trade surplus of US$49.6 billion in December, beating expectations, as exports grew 9.7 percent and import...

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