NZ dollar gains as risk indicators improve, may not sustain gains as FOMC, payrolls loom

Tue, 02 May 2017

By Jonathan Underhill May 2 (BusinessDesk) - The New Zealand dollar rose, ending a five-day decline, as traders' risk appetite picked up even though the US Federal Reserve's policymakers' meeting and key US labour market data due out may yet indicate a stronger US economy. The kiwi dollar rose to 69.18 US cents at 5pm in Wellington from 68.56 cents late yesterday. The trade-weighted index rose to 74.99 from 74.51. The Chicago Board Options Exchange Volatility Index (VIX), known as Wall Street's fear gauge, fell as low as 9.56 overnight...

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