NZ dollar rises as Chinese exports beat estimates, stokes investor optimism

Sun, 14 Oct 2012

By Hannah Lynch Oct. 15 (BusinessDesk) - The New Zealand dollar gained after exports to China, the country's second-biggest trading partner, rose at the fastest pace in three months in September, easing concerns that the global economy is heading for another worldwide slowdown. The New Zealand dollar rose as high as 81.88 US cents and traded at 81.75 cents just after 8am, up from 81.60 cents at the close of trading in New York on Friday. The kiwi rose to 64.12 yen from 64.02 yen last week, and the trade weighted index increased to 72.96 from...

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