NZ dollar gains ahead of figures expected to show GDP accelerated in second quarter

NZ dollar gains ahead of figures expected to show GDP accelerated in second quarter
Jonathan Underhill
By Jonathan Underhill Sept. 15 (BusinessDesk) - The New Zealand dollar rose ahead of figures expected to show the domestic economy accelerated in the second quarter, while the greenback fell from its highest levels in more than a week. The kiwi rose to 72.78 US cents as at 8am in Wellington, from 72.60 cents late yesterday. The trade-weighted index gained to 77.74 from 77.59. The local dollar recovered from the lowest in almost two weeks reached yesterday in the wake of a global slump in bonds, a jump in measures of investor risk avers...