NZ dollar rises as Chinese stimulus underpins commodity prices gains

Tue, 24 Jul 2018

By Paul McBeth July 25 (BusinessDesk) - The New Zealand dollar followed its Australian counterpart higher as efforts by Chinese authorities to stimulate the world's second-biggest economy underpinned gains in commodity prices. The kiwi rose to 67.99 US cents as at 8am in Wellington from 67.73 cents yesterday. The trade-weighted index was 73.09 from 73 yesterday. The Thomson Reuters CRB commodity price index - a measure of 19 commonly traded commodities - rose 0.4 percent and China's Shanghai Composite Index gained 1.6 percent as inve...

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