NZ dollar gains as Chinese trade data beats estimates, Yellen fails to scare markets

Wed, 12 Feb 2014

By Jonathan Underhill Feb. 12 (BusinessDesk) - The New Zealand dollar rose along with its Australian counterpart after trade figures from China beat estimates, stoking optimism that demand in the two nations’ biggest market isn’t wavering. The kiwi rose to 83.50 US cents from 83.28 US cents at the start of the day and from 83.00 cents yesterday. The trade-weighted index rose to 78.51 from 78.41 at 8am and 78.08 yesterday. China’s exports rose 10.6 percent in January from a year earlier while imports rose 10 percent, for a trade surplus of US...

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