NZ dollar gains amid broad greenback weakness, as RBA looms

Mon, 01 Aug 2016

By Jonathan Underhill Aug. 1 (BusinessDesk) - The New Zealand dollar rose amid broad weakness in the US dollar after figures showed the American economy grew less than expected between April and June, adding to the argument that the Federal Reserve won't rush to raise interest rates this year. The kiwi traded at 72.23 US cents as at 5pm in Wellington, from 72.13 cents in late New York trading on Friday and up from 70.88 US cents in Asia at the end of last week. The trade-weighted index was at 76.61, up from 75.74 in Wellington on Friday a...

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