NZ dollar recovers ground as Chinese data boosts trans-Tasman currencies

Thu, 24 Oct 2013

By Paul McBeth Oct. 24 (BusinessDesk) - The New Zealand dollar recovered most of its losses from Northern Hemisphere trading after upbeat Chinese manufacturing figures fuelled demand for the Australasian currencies, with both nations counting China is their biggest trading partner. The kiwi rose to 84.16 US cents at 5pm in Wellington from 83.78 cents yesterday, down slightly from 84.58 cents yesterday. The Australian dollar traded at 96.47 US cents at 5pm in Wellington from 97.01 cents yesterday. The HSBC preliminary reading of the purchas...

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