NZ dollar rises above 73 US cents amid rate hike talk, stronger China trade data

Thu, 13 Jul 2017

By Jonathan Underhill July 14 (BusinessDesk) - The New Zealand dollar rose amid speculation the Reserve Bank may be more inclined to hike interest rates in the face of increases and bullish talk from other central banks including the Bank of Canada, while stronger Chinese trade data helped lift sentiment for the kiwi. The local currency rose to 73.15 US cents as at 8am in Wellington and earlier touched 73.68 cents, a level it hasn't exceeded since early November, from 72.84 cents late yesterday. The trade-weighted index rose to 78.22 from...

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