NZ dollar gains on strength in commodity markets as dairy auction looms

Mon, 15 Aug 2016

By Jonathan Underhill Aug. 16 (BusinessDesk) - The New Zealand dollar gained along with other commodity-linked currencies as a pickup in prices of raw materials boosted sentiment ahead of the GlobalDairyTrade auction tonight. The kiwi dollar rose to 72.08 US cents as at 8am in Wellington from 71.75 cents late yesterday. The trade-weighted index climbed to 76.33 from 76.07. The Thomson Reuters/CoreCommodity CRB index, a broad measure of prices for raw materials, rose 1.3 percent to a month-high of 185, while Brent crude oil gained about...

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