NZ dollar gains as investors weigh up Fonterra's opening forecast for 2017 season

Tue, 24 May 2016

By Paul McBeth May 25 (BusinessDesk) - The New Zealand dollar gained as investors weighed up the outlook for Fonterra Cooperative Group's opening milk price forecast for 2017 in what's expected to be an improvement on the current season. The local currency increased to 67.32 US cents at 8am in Wellington from 67.19 cents yesterday. The trade-weighted index advanced to 72.71 from 72.48. Fonterra's board is in a two-day meeting and is expected to release the opening forecast for the 2017 season at the conclusion, which a BusinessDesk s...

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