NZ dollar gains as dairy prices rise, employment data looms

Tue, 06 Feb 2018

By Jonathan Underhill Feb. 7 (BusinessDesk) - The New Zealand dollar rose as dairy product prices gained for the third straight auction and as traders await employment data that may show a higher jobless rate and slower employment growth in the fourth quarter. The kiwi traded at 73.06 US cents as at 8am in Wellington from 72.63 cents in Asia yesterday. The trade-weighted index was at 74.83 from 74.84 yesterday. The GDT price index climbed 5.9 percent at the GlobalDairyTrade auction overnight and whole milk powder rose 7.6 percent to US...

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