NZ dollar holds above 69 US cts as Opec production move bolsters commodity prices; trade war looms

Sun, 24 Jun 2018

By Paul McBeth June 25 (BusinessDesk) - The New Zealand dollar held above 69 US cents as the Organisation of the Petroleum Exporting Countries' move to boost production lifted prices for raw materials, supporting demand for commodity-linked currencies. The kiwi edged up to 69.13 US cents as at 8am in Wellington from 69.06 cents on Friday in New York and 69.01 cents in Asia last week. The trade-weighted index was at 73.38 from 73.29 last week. The Thomson Reuters CRB commodity price index, a measure of 19 commonly traded raw materials,...

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