NZ dollar rise from three-week low after better-than-expected Chinese manufacturing data

Thu, 22 May 2014

By Paul McBeth May. 22 (BusinessDesk) - The New Zealand dollar rose from a three-week low as better-than-expected Chinese manufacturing data lifted investors' confidence in the Australasian nations, which count the world's second-biggest economy as their biggest export market. The kiwi rose to,85.80 US cents at 5pm in Wellington from 85.61 cents at 8am, and 85.55 cents yesterday. The trade-weighted index advanced to,79.99 from79.71 yesterday. The kiwi and the Australian dollar gained after the preliminary HSBC manufacturing purchasing...

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