NZ dollar gains as Chinese manufacturing slows less than expected

Mon, 02 Nov 2015

By Paul McBeth Nov. 2 (BusinessDesk) - The New Zealand dollar rose as Chinese manufacturing shrank less than expected last month, soothing concerns about growth in the world's second biggest economy and as investors digest last week's decision to keep local interest rates unchanged. The kiwi gained to 67.80 US cents at 5pm in Wellington from 67.54 cents at 8am, and little changed from 67.71 cents on Friday in New York. The trade-weighted index increased to 73.24 from 73.05. The preliminary Caixin China manufacturing purchasing managers...

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