NZ dollar gains with global risk sentiment, helped by positive economic data

Mon, 04 Jun 2018

By Jonathan Underhill June 5 (BusinessDesk) - The New Zealand dollar gained as stronger economic data in the US and the UK and fading concerns about Italy's political crisis helped lift risk sentiment. The kiwi traded at 70.25 US cents as at 8:30am in Wellington from 69.81 cents late yesterday. The trade-weighted index was at 73.55 from 73.57 yesterday. While New Zealand markets were closed for the Queen's Birthday holiday yesterday, offshore markets continued to trade. The UK Markit manufacturing and construction PMIs for May both pri...

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