NZ dollar rises above 73 US cents, seen as outperformer in face of weak greenback

Tue, 27 Jun 2017

By Jonathan Underhill June 27 (BusinessDesk) - The New Zealand dollar rose above 73 US cents and may be a stand-out performer in the face of a weak greenback on the basis of the nation's relatively high interest rates and sturdy economic growth. The kiwi was trading at 73.01 US cents as at 5pm in Wellington from 72.83 cents late yesterday. The trade-weighted index rose to 78.70 from 78.56. Among recent data that has helped lift sentiment for the kiwi dollar, exports rose to a three-year high in May in the face of rising dairy prices, w...

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