NZ dollar gains versus yen, greenback as China marks modest return from holiday

Mon, 15 Feb 2016

By Jonathan Underhill Feb. 15 (BusinessDesk) - The New Zealand dollar gained against the yen and the greenback as China's markets reopened after the Chinese New Year holiday without a big selloff in stocks that some had feared. The kiwi rose to 75.79 yen at 5pm in Wellington from 74.98 yen at the start of the day and from 75.50 yen on Friday. The local currency rose to 66.53 US cents, having dipped as low as 66.18 this morning and from 66.29 cents in New York at the end of last week. The Shanghai SE Composite Index was down about 1.6 p...

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