NZ dollar lifts after prices rise at GlobalDairyTrade auction

Tue, 05 Apr 2016

By Tina Morrison April 6 (BusinessDesk) - The New Zealand dollar rose after prices gained at the overnight GlobalDairyTrade auction, stoking optimism about the outlook for the country's largest export commodity. The kiwi initially declined ahead of the dairy auction, slipping from 68.01 US cents at 5pm in Wellington yesterday to 67.67 US cents by 2am ahead of the release of the auction result before rebounding to 68.02 cents by 3am. It traded at 67.92 cents at 8am. The trade-weighted index advanced to 72.06 from 71.93 yesterday. The ki...

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