NZ dollar holds near 2-week high before China PMI, FOMC, ECB

Tue, 30 Apr 2013

May 1 (BusinessDesk) – The New Zealand dollar held near a two-week high before the release of China’s manufacturing PMI which will provide fresh clues to the pace of economic growth for the nation’s biggest trading partner. The kiwi edged up to 85.71 US cents from 85.63 cents at 5pm in Wellington yesterday, having reached as high as 85.85 cents overnight. The trade-weighted index slipped to 78.60 from 78.77. China overtook Australia as the biggest buyer of New Zealand’s exports last month and was already the biggest source of imports. It ha...

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