NZ dollar gains as China trade restores optimism in Asia outlook

Mon, 13 Oct 2014

By Jonathan Underhill Oct. 13 (BusinessDesk) - The New Zealand dollar gained after figures showed China's exports and imports were stronger than expected, helping soothe concerns the world's second-largest economy isn't growing fast enough to underpin global growth. The kiwi traded at 78.72US cents at 5pm in Wellington, from 78.19 cents at the start of the day and from 78.14 cents in late New York trading on Friday. The trade-weighted index rose to 76.57 from 76.50. Chinese exports rose 15.3 percent in September from a year earlier, be...

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