NZ dollar gains ahead of RBNZ statement as commodity prices increase

Wed, 09 Mar 2016

By Tina Morrison March 10 (BusinessDesk) - The New Zealand dollar advanced ahead of the Reserve Bank's decision on interest rates today, buoyed by a gain in commodity prices. The kiwi rose to 67.86 US cents at 8am in Wellington, from 67.26 cents at 5pm yesterday. The trade-weighted index increased to 72.75 from 72.43 yesterday. Commodity prices improved overnight, led by a gain in crude oil after the Energy Information Administration reported a rise in crude oil stockpiles that was in line with analysts' expectations while distillate a...

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