NZ dollar edges higher as greenback remains unloved, commodity prices rise

Thu, 28 Dec 2017

By Paul McBeth Dec. 29 (BusinessDesk) - The New Zealand dollar edged higher as the greenback remained out of favour in holiday trading, reinforcing demand for risk-sensitive assets such as commodities and currencies linked with raw materials. The kiwi traded at 70.82 US cents as at 8am in Wellington from 70.75 cents yesterday. The trade-weighted index was at 74.02 from 74.07 yesterday. The US Dollar Index slipped 0.5 percent as the greenback continued to underperform in the final stretch of 2017, stoking demand for risk-sensitive ass...

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