NZ dollar gains after failing to break through support levels, helped by terms of trade, Aussie GDP

Wed, 01 Jun 2016

By Jonathan Underhill June 1 (BusinessDesk) - The New Zealand dollar extended its gains after failing to break through key support levels this week as improved terms of trade and better-than-expected Australian growth figures boosted sentiment. The kiwi rose to 67.85 US cents as at 5pm in Wellington, from 67.27 cents late yesterday. It pared an earlier gain against the Australian dollar after the growth report but was still higher at 93.25 Australian cents from 92.79 cents yesterday The New Zealand dollar fell as low as 66.74 US cents...

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