NZ dollar rises after Chinese equity gains boost optimism

Tue, 08 Sep 2015

By Tina Morrison Sept. 9 (BusinessDesk) - The New Zealand dollar rose after a gain in Chinese equities boosted optimism, pushing global sharemarkets and commodities higher. The kiwi increased to 63.48 US cents at 8am in Wellington, from 62.76 cents at 5pm yesterday. The trade-weighted index rose to 69.09 from 68.49 yesterday. Global equity markets gained and commodity markets rallied overnight, triggered in part by a late surge in Chinese equities, amid optimism China’s government will act to support its flagging economy. That boosted...

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