NZ dollar may gain as Chinese data, Fonterra forecast loom

Tue, 10 Dec 2013

By Paul McBeth Dec. 10 (BusinessDesk) - The New Zealand may gain with more Chinese economic data coming later today and amid expectations Fonterra Cooperative Group will announce a hike in its forecast payout to farmers tomorrow. The kiwi traded at 82.90 US cents at 5pm in Wellington from 82.70 cents at 8am and 82.91 cents yesterday. The trade-weighted index was 77.78 from 77.83 yesterday. Traders are waiting on Chinese industrial production and retail figures to show more signs the world’s second biggest economy is climbing out of a rut...

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