NZ dollar holds gains as Chinese data beats estimates, narrow trading range seen

Tue, 21 Oct 2014

By Jonathan Underhill Oct. 21 (BusinessDesk) - The New Zealand dollar held its gains against the greenback after figures showed the Chinese economy grew faster than expected in the third quarter, although still the slowest pace since early 2009 and leaving open the door for Beijing to introduce stimulus measures. The kiwi traded at 79.85 US cents at 5pm in Wellington, from 79.73 cents at the start of the day and up from 79.48 cents yesterday. The trade-weighted index edged up to 77.26 from 77.16 yesterday. China's gross domestic produc...

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