NZ dollar lifts as Fonterra forecast spurs gains in crosses

Wed, 23 Sep 2015

By Jonathan Underhill Sept. 24 (BusinessDesk) - The New Zealand dollar rose on an improved forecast payout by Fonterra Cooperative Group spurred the currency higher against most of the other cross rates, reversing an overnight slide against the greenback as global markets reflected concern a weaker Chinese economy will weigh on global growth and demand for commodities, including dairy products and meat,. The kiwi fell to 62.43 US cents as at 8am in Wellington, from 62.63 cents late yesterday, and recovered to be trading at 62.51 cents aft...

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