NZ dollar little changed after pushing above 71 US cents as commodities strengthen

Mon, 28 Nov 2016

By Jonathan Underhill Nov. 29 (BusinessDesk) - The New Zealand dollar was little changed, having earlier risen above 71 US cents as crude oil led gains in commodity prices. The kiwi dollar traded at 70.68 US cents at 8:30am in Wellington, and earlier touched 71.03 cents, from 70.76 cents late yesterday. The trade-weighted index was at 77.69 from 77.68. The CRB Index of 19 commonly traded commodities has gained about 5 percent from its lows of mid-November, while crude oil gained almost 2 percent overnight. While the fundamentals of the...

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