NZ dollar climbs to six-week high, following commodity prices higher

Wed, 07 Oct 2015

By Paul McBeth Oct. 7 (BusinessDesk) - The New Zealand dollar rose to a six-week high, extending gains after another increase in milk product prices at the latest GlobalDairyTrade auction, and higher commodity prices across the board. The kiwi climbed as high as 65.61 US cents, the highest since Aug. 25, trading at 65.88 cents at 5pm in Wellington from 65.41 cents at 8am and 64.99 cents yesterday. The trade-weighted index advanced to 71.17 from 70.51 yesterday. The Dollar Index, a measure of the greenback against a basket of currencies...

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