NZ dollar hits 14-month high as stocks, commodities rally on upbeat investor sentiment

Tue, 12 Jul 2016

By Paul McBeth July 13 (BusinessDesk) - The New Zealand dollar gained, following stock markets and commodity prices higher, as investors recovered their lost confidence from Britain's vote to leave the European Union. The kiwi rose to a new 14-month high of 73.23 US cents and traded at 72.96 cents at 8am in Wellington from 72.63 cents yesterday. The trade-weighted index advanced to 77.84 from 77.63 yesterday. Stocks on Wall Street extended recent gains after aluminium producer Alcoa kicked off the US earnings season with a bigger pro...

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