NZ dollar extends gains vs Aussie on weak iron ore, China demand, falls vs greenback

Thu, 01 Jun 2017

By Jonathan Underhill June 2 (BusinessDesk) - The New Zealand dollar extended its gains against the Aussie dollar, which has suffered in the face of weaker iron ore prices and a drop in Chinese manufacturing activity, while falling against the greenback on signs of a stronger US labour market. The kiwi rose to 95.76 Australian cents as at 8am in Wellington and earlier reached a new four-month high of 95.81 cents, from 95.60 cents late yesterday. The kiwi fell to 70.63 US cents from 70.75 cents. Iron ore prices have dropped to an eight-...

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