NZ dollar hits one-week high on commodity price gains, weaker greenback

Mon, 11 Apr 2016

By Tina Morrison April 12 (BusinessDesk) - The New Zealand dollar touched its highest level in a week amid a lift in commodity prices and a weaker US dollar. The kiwi hit 68.78 US cents and was trading at 68.58 cents at 8am in Wellington, from 68.17 cents at 5pm yesterday. The trade-weighted index advanced to 72.31 from 71.99 yesterday. Currencies linked to commodities advanced after an increase in the CRB Index, which measures a basket of global commodities, paced by gains in precious and industrial metals, gasoline and oil. The US do...

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