NZ dollar gains on signs of robust economy, while Fed hikes wait on run of strong data

Wed, 31 Aug 2016

By Jonathan Underhill Aug. 31 (BusinessDesk) - The New Zealand dollar gained, recovering from an earlier decline, on optimism the domestic economy is continuing to show signs of sturdy growth, while Federal Reserve rate hikes depend on future data. The kiwi traded at 72.51 US cents as at 5pm in Wellington, up from 72.15 cents at the start of the day and from 72.47 cents late yesterday. The trade-weighted index gained to 77.36 from 77.18. Traders are awaiting US non-farm payrolls figures at the end of the week for further clues to the t...

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