NZ dollar gains as Asian stocks rally on delays to Syrian intervention, Chinese manufacturing

Mon, 02 Sep 2013

By Paul McBeth Sept. 2 (BusinessDesk) - The New Zealand dollar rose with stocks across Asia after US President Barack Obama put plans to bomb Syria on hold and as Chinese manufacturing figures beat expectations, lifting optimism about growth assets. The kiwi rose to 77.90 US cents at 5pm in Wellington from 77.60 cents at 8am and 77.19 cents on Friday in New York. The trade-weighted index was little changed at 73.87 from 73.86 last week. Stocks across Asia rose as investors were buoyed by US President Obama’s decision to seek Congressional...

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