NZ dollar may extend gain as US manufacturing gauge weighs on greenback; buoyed by oil prices

Tue, 23 Feb 2016

By Paul McBeth Feb. 23 (BusinessDesk) - The New Zealand dollar may extend its gain as a gauge of US manufacturing weighed on the greenback and as a rally in oil prices stoked demand for commodity-linked currencies, such as the kiwi. The local currency traded at 66.97 US cents at 5pm in Wellington from 67.10 cents at 8am, up from 66.51 cents yesterday. The trade-weighted index rose to 72.71 from 72.28. The Dollar Index, a measure of the greenback against a basket of currencies, fell in the New York session after a Markit manufacturing...

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