NZ dollar heads for 1.4% weekly gain as Chinese data points to improving global economy

Fri, 15 Apr 2016

By Jonathan Underhill April 15 (BusinessDesk) - The New Zealand dollar rose and is heading for a 1.4 percent weekly gain after figures showed the Chinese economy grew 6.7 percent in the first quarter, meeting expectations and reassuring investors that global economic growth won't be derailed. The kiwi increased to 68.88 US cents at 5pm in Wellington, from 68.42 cents late yesterday and up from 67.92 cents at the end of last week. The trade-weighted index rose to 72.72 from 72.36 yesterday and 71.89 a week ago. Chinese economic growth s...

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