NZ dollar gains as risk sentiment improves, greenback weakens

Thu, 04 Jan 2018

By Jonathan Underhill Jan. 5 (BusinessDesk) - The New Zealand dollar rose to its highest levels in more than two months as improving risk sentiment and rallying stock markets stoked demand for growth-linked currencies. The kiwi rose to 71.53 US cents as at 8am in Wellington, the highest since late October, from 70.97 cents late yesterday. The trade-weighted index climbed to 74.31 from 73.87. The Chicago Board Options Exchange Volatility Index (VIX), known as Wall Street's fear gauge, is hovering near its lowest levels in more than a de...

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