NZ dollar gains on 40-year high terms of trade, upbeat Chinese manufacturing

Mon, 02 Dec 2013

By Paul McBeth Dec. 2 (BusinessDesk) - The New Zealand dollar gain as local figures showed the country’s terms of trade at a 40-year high in September and after better-than-expected Chinese manufacturing data provided some optimism for the trans-Tasman nations selling into the world’s most populous country. The kiwi rose to 81.94 US cents at 5pm in Wellington from 81.31 cents at 8am and 81.25 cents on Friday in New York. The trade-weighted index advanced to 76.93 from 76.41 last week. New Zealand’s terms of trade rose 7.5 percent in the S...

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