NZ dollar gains with dairy prices as US votes

Tue, 06 Nov 2012

Nov. 7 (BusinessDesk) – The New Zealand dollar rose after prices gained in Fonterra’s latest sale of dairy products, the nation’s biggest export, and as America votes for the next president of the world’s biggest economy. The kiwi dollar rose to 82.84 US cents from 82.61 cents at 5pm in Wellington yesterday. The trade-weighted index rose to 74.09 from 73.94. Prices of dairy products rose 1.1 percent in Fonterra's latest GlobalDairyTrade auction, the second straight gain on the sales platform. The auction comes after the ANZ Commodity Price I...

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