NZ dollar gains ahead of Wheeler speech, government's fiscal update

Wed, 07 Dec 2016

By Jonathan Underhill Dec. 8 (BusinessDesk) - The New Zealand dollar rose ahead of a speech by Reserve Bank Governor Graeme Wheeler and before the government's fiscal and economic update, which may paint a more upbeat picture of the outlook. The kiwi dollar rose to 71.45 US cents as at 8am in Wellington from 71.19 cents late yesterday. The trade-weighted index climbed to 78.29 from 78.17. Wheeler's speech, titled ‘Some thoughts on New Zealand’s Economic Expansion,’ is to be published on the RBNZ website at 9am. Wheeler cut the officia...

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