NZ dollar gains as new govt spending set to stimulate economy

Tue, 15 Dec 2015

By Paul McBeth Dec. 15 (BusinessDesk) - The New Zealand dollar gained as investors renewed their appetite for risk-sensitive assets ahead of the US Federal Reserve's policy review on Thursday and after Finance Minister Bill English said he'd give the local economy a bit of a jolt with extra spending next year. The kiwi rose to 67.91 US cents at 5pm in Wellington from 67.76 cents at 8am and 67.07 cents yesterday. The trade-weighted index advanced to 73.81 from 73.08 yesterday. New Zealand's Treasury today updated its economic and fisc...

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