NZ dollar holds near two-month high as US factory orders beat expectations

Tue, 03 Jul 2012

By Hannah Lynch July 4 (BusinessDesk) - The New Zealand dollar held near a two-month high after US factory orders beat expectations, helping lift equity markets and risk appetite. The New Zealand dollar traded at 80.38 US cents just before 8am little changed from 80.40 cents at 5pm. The trade weighted index eased back to 72.46 from 72.53. In the US, the world's largest economy, factory orders surprised with a bigger-than-expected jump in May. A Commerce Department report showed that orders to factories rose 0.7 percent in May, surpassing exp...

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