NZ dollar gains before Chinese data; RBNZ, US Fed differ on rates direction

Wed, 11 Nov 2015

By Paul McBeth Nov. 11 (BusinessDesk) - The New Zealand dollar gained ahead of Chinese data that will give provide an update on the strength of the world's second-biggest economy, while investors weigh the implications of an interest rate cut in December, when the US may be raising rates. The kiwi rose to 65.80 US cents at 5pm in Wellington from 65.32 cents at 8am and 65.31 cents yesterday. The trade-weighted index advanced to 71.78 from 71.35 yesterday. Stocks across Asia were mixed ahead of the release of Chinese retail sales, indust...

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