NZ dollar may extend gains on prospects of strong dairy auction

Tue, 17 Feb 2015

Feb. 17 (BusinessDesk) - The New Zealand dollar, which has reached a post -float high against the Australian dollar and is near a month-high versus the greenback, may extend its gains on speculation drought in parts of the country will prompt another jump in dairy prices at tonight's auction. The kiwi rose to as much as 96.77 Australian cents, a post-float high, and traded at 96.35 cents at 5pm in Wellington, little changed from yesterday. The local dollar climbed to 75.16 US cents from 75.05 cents yesterday. The kiwi pared its gains agai...

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