NZ dollar extends gains as dairy prices rise, labour market data looms

Tue, 02 May 2017

By Jonathan Underhill May 3 (BusinessDesk) - The New Zealand dollar extended its gains after dairy prices rose more than expected in the latest GlobalDairyTrade auction and traders looked ahead to this morning's first-quarter labour market data, which expected to show steady employment growth and wage inflation. The kiwi dollar rose to 69.34 US cents as at 8am from 69.18 cents late yesterday. The trade-weighted index rose to 75.20 from 74.99. Dairy product prices advanced at the GlobalDairyTrade auction, increasing for the fourth conse...

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