NZ dollar holds gains as dairy auction looms

Tue, 16 Sep 2014

By Paul McBeth Sept. 16 (BusinessDesk) - The New Zealand dollar held gains in local trading after weak US industrial production sapped demand for the greenback, and ahead of an upcoming dairy auction, which will offer a gauge on New Zealand's biggest commodity export. The local currency traded at 81.62 US cents at 5pm in Wellington from 81.72 cents at 8am, up from 81.26 cents yesterday. The trade-weighted index advanced to 78.46 from 78.07 yesterday. The kiwi got a boost against the greenback after weaker than expected US industrial pr...

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