NZ dollar gains before Wheeler speech, as stocks rebound, commodities rise

Tue, 28 Jul 2015

By Jonathan Underhill July 29 (BusinessDesk) - The New Zealand dollar rose ahead of a speech by Reserve Bank governor Graeme Wheeler, on speculation he may soften his language about an easing bias, and after stocks rebounded and commodities gained. The kiwi dollar rose to 66.77 US cents as at 8am in Wellington, having earlier gained to as high as 67.08 cents, from 66.61 cents late yesterday. The trade-weighted index rose to 71.01 from 70.90. Stocks on Wall Street rallied overnight, sending the Standard & Poor's 500 Index up more than 1...

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