NZ dollar edges up as gain in Chinese stocks allays growth fears; ECB looms

Thu, 22 Oct 2015

By Paul McBeth Oct. 22 (BusinessDesk) - The New Zealand dollar edged up as a gain in Chinese equity markets helped quell fears about the health of the world's second-biggest economy, ahead of the European Central Bank meeting where traders will be watching for any hint of more quantitative easing. The kiwi rose to 67.63 US cents at 5pm in Wellington from 67.31 cents at 8am, and from 67.48 cents yesterday. The trade-weighted index advanced to 72.63 from 72.33 yesterday. The Shanghai Composite Index was up 0.4 percent in afternoon tradin...

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