NZ dollar gains on Australian trade figures, Chinese services

Tue, 06 Jan 2015

By Paul McBeth Jan. 6 (BusinessDesk) - The New Zealand dollar gained after better than expected Australian trade data and upbeat Chinese services sector figures stoked optimism about demand for the trans-Tasman currencies. The kiwi rose to 77.25 US cents at 5pm in Wellington from 76.95 cents at 8am and 76.28 cents yesterday. The trade-weighted index advanced to 78.83 from 78.11 yesterday. Government figures showed Australia's trade deficit widened to A$925 million in November from A$880 million a month earlier as falling commodity pric...

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