NZ dollar gains after Chinese central bank adds more stimulus

Sun, 19 Apr 2015

By Tina Morrison April 20 (BusinessDesk) - The New Zealand dollar gained after the Chinese central bank added more liquidity to Asia's largest economy in a bid to boost growth, stoking optimism about the prospects for the nation's largest trading partner. The kiwi advanced to 76.94 US cents at 8am in Wellington, from 76.80 cents at the New York close and 76.59 cents at 5pm in Wellington on Friday. The trade-weighted index rose to 80.06 from 79.80 on Friday. The People's Bank of China yesterday cut the reserve requirement ratio for all...

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