NZ dollar gains as dairy prices, high rates draw investors

Thu, 08 Sep 2016

By Jonathan Underhill Sept. 8 (BusinessDesk) - The New Zealand dollar rose, having climbed above 79 on a trade-weighted basis for the first time in 17 months, as the rebound in dairy prices and relatively high-interest rates, combined with softer data out of the US helped drive investors to the local currency. The kiwi traded at 74.57 US cents as at 5pm in Wellington, having reached 74.79 cents overnight, the highest since May last year, from 74.30 cents late yesterday. The trade-weighted index rose to 78.84 from 78.51 and reached 79.05 o...

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