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

Wed, 14 Sep 2016

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...

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