NZ dollar edges higher after dairy auction as investors mull global concerns

Tue, 17 Feb 2015

By Tina Morrison Feb. 18 (BusinessDesk) - The New Zealand dollar failed to jump significantly higher following a positive GlobalDairyTrade auction overnight as investors focused on global concerns. The kiwi rose to 75.38 US cents at 8am in Wellington, from 75.17 cents at 5pm yesterday. The trade-weighted index increased to 78.12 from 77.93 yesterday. Dairy product prices advanced an average 10 percent in the latest GDT auction, on lower volumes, lifting the AgriHQ Seasonal Farmgate Milk Price for the 2014-15 season to $4.70 per kilogra...

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