NZ dollar higher as it finds some favor after heavy selling in recent months

Tue, 28 Nov 2017

By Rebecca Howard Nov. 28 (BusinessDesk) - The New Zealand dollar gained against the Australian dollar and the greenback as it found some renewed favor among investors after being sold down on local political concerns over the past few months. The kiwi traded at 69.26 US cents as at 5.00pm in Wellington versus 69.04 US cents as at 8am in Wellington and from 68.62 cents late yesterday. It was at 91.08 Australian cents from 90.23 cents late yesterday. Mark Johnson, a senior dealer at OMF, said the market had been very "short" kiwi, wag...

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