NZ dollar gains on tentative Fed, stronger crude oil as China's big data week awaited

Thu, 07 Apr 2016

By Jonathan Underhill April 7 (BusinessDesk) - The New Zealand dollar gained on speculation the Federal Reserve won't rush to raise US interest rates while stronger crude oil boosted commodity-linked currencies and traders looked ahead to next week's heavy release of Chinese economic data. The kiwi rose to 68.27 US cents at 8am in Wellington, from 68.09 cents at 5pm yesterday. The trade-weighted index edged up to 72.22 from 72.15 yesterday. Crude oil prices rose 5 percent overnight after data from the Energy Information Administration ...

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