NZ dollar gains with global risk sentiment, even after dairy prices fall

Tue, 21 Nov 2017

By Jonathan Underhill Nov. 22 (BusinessDesk) - The New Zealand dollar rose as a key measure of risk sentiment improved with the kiwi stronger even after dairy prices fell for the fourth straight dairy auction in a row. The kiwi dollar rose to 68.31 US cents as at 8am in Wellington from 68.01 cents late yesterday. The trade-weighted index gained to 72.34 from 72.19 yesterday. In the US, the Standard & Poor's 500 Index rose above 2,600 for the first time while the Chicago Board Options Exchange Volatility Index (VIX), known as Wall Stre...

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