NZ dollar gains as upbeat data across Asia spurs US dollar selling

Tue, 01 Dec 2015

By Paul McBeth Dec. 1 (BusinessDesk) - The New Zealand dollar gained as a string of relatively upbeat economic data across Asia saw a continued sell-off in the US dollar, which had been triggered during Northern Hemisphere trading on weaker US housing and industrial data. The kiwi rose to 66.18 US cents at 5pm in Wellington from 65.82 cents at 8am and 65.38 cents yesterday. The trade-weighted index advanced to 71.98 from 71.30 yesterday. Traders started paring back their long positions on the greenback after US house sales and two reg...

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