NZ dollar gains vs. Australian dollar on Chinese stock rout

Mon, 27 Jul 2015

By Paul McBeth July 28 (BusinessDesk) - The New Zealand dollar rose to a six-and-a-half week high against its trans-Tasman counterpart after a slump in Chinese equities markets weighed more heavily on the currency of Australia, which counts China as its biggest export market. The kiwi rose as high as 90.91 Australian cents, and was trading at 90.71 cents at 8am in Wellington from 90.36 cents yesterday. It gained to 66.06 US cents from 65.88 cents yesterday. The Chicago Options Board Exchange's Volatility Index, known as Wall Street's '...

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