NZ dollar hits month high after weaker US data, stronger GlobalDairyTrade auction

Tue, 01 Dec 2015

By Tina Morrison Dec. 2 (BusinessDesk) - The New Zealand dollar jumped to a month high after weaker US data and a stronger GlobalDairyTrade auction turned investors off the greenback and into the kiwi and as higher yielding currencies remain in demand. The kiwi touched 66.82 US cents, and was trading at 66.75 cents at 8am in wellington, from 66.20 cents at 5pm yesterday. The trade-weighted index advanced to 72.43 from 71.99 yesterday. Heading into the Christmas trading lull, investors are favouring currencies with higher interest rates...

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