NZ dollar rises above 72 US cts for first time in 3 months on local growth story

Tue, 06 Jun 2017

By Jonathan Underhill June 7 (BusinessDesk) - The New Zealand dollar rose above 72 US cents for the first time since the beginning of March as the nation's relatively robust economic growth story lifted sentiment. The kiwi rose to 71.87 US cents as at 8am in Wellington, and earlier touched 72.05 cents, from 71.56 cents late yesterday. The trade-weighted index rose to 77.24 from 76.98. The GDT price index rose 0.6 percent in the GlobalDairyTrade auction overnight to US$3,395, marking the sixth consecutive gain, although whole milk powde...

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