NZ dollar rallies on cautious Fed comments, North Korea, modest dairy gain

Tue, 05 Sep 2017

By Jonathan Underhill Sept. 6 (BusinessDesk) - The New Zealand dollar climbed more than 1 percent against the greenback after a Federal Reserve governor pointed to weak US inflation, US President Donald Trump flagged military sales to South Korea and Japan, and dairy prices rose modestly in the latest dairy auction. The kiwi rose to 72.38 US cents as at 8am in Wellington and earlier touched a week-high of 72.63 cents from 71.69 cents late yesterday. The trade-weighted index gained to 75.52 from 74.93. The US dollar weakened overnight a...

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