NZ dollar rises above 81 US cts as Chinese manufacturing slows; Fed, ECB loom

Wed, 01 Aug 2012

Aug 1 (BusinessDesk) - The New Zealand dollar rose above 8 1 US cents in local trading as official Chinese figures showed manufacturing in the world's second-biggest economy is still growing, albeit at a slower pace, and ahead of the European and US central bank meetings. The New Zealand dollar rose to 81.07 US cents at 5pm from 80.83 cent at 8am, little changed from 80.99 cents yesterday. The trade weighted index inched up to 73 from 72.93. Official Chinese manufacturing figures were less upbeat than expected, though still showed the secto...

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