NZ dollar gains as Chinese data, GDT auction, allay fears about commodities

Tue, 19 Jan 2016

By Tina Morrison Jan. 20 (BusinessDesk) - The New Zealand dollar gained as Chinese economic data wasn't as bad as feared, improving sentiment about the outlook for commodities. The kiwi increased to 64.87 US cents at 8am in Wellington, from 64.33 cents at 5pm yesterday. The trade-weighted index rose to 71.71 from 71.28 yesterday. Sentiment towards commodity-linked currencies improved after the latest Chinese data broadly met forecasts, allaying fears about the outlook for the global economy. While China reported economic growth that wa...

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