NZ dollar gains after Chinese manufacturing data bolsters optimism about future growth

Sun, 01 Sep 2013

By Tina Morrison Sept. 2 (BusinessDesk) – The New Zealand dollar gained after better manufacturing data from China boosted investor confidence about growth in Asia’s largest economy and as prospects fade for imminent western military action in Syria. The kiwi advanced to 77.60 US cents at 8am in Wellington, from 77.19 cents at the New York close and 77.70 cents at 5pm in Wellington on Friday. The trade-weighted index was little changed at 73.61 from 73.67 in Wellington Friday. Over the weekend, a Chinese manufacturing gauge for August rose t...

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