NZ dollar gains to month-high vs greenback, Aussie on more upbeat Wheeler, Treasury

Thu, 08 Dec 2016

By Jonathan Underhill Dec. 8 (BusinessDesk) - The New Zealand dollar rose to month highs against the greenback and the Australian dollar after Reserve Bank Governor Graeme Wheeler said he sees "continued strong growth" in the economy, a sentiment backed up today with upgraded Treasury forecasts for growth for the next three years. The kiwi dollar rose to 72.10 US cents as at 5pm in Wellington, from 71.19 cents late yesterday and climbed to 96.16 Australian cents from 95.71 cents. The trade-weighted index climbed to 78.86 from 78.17. Wh...

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