NZ dollar rises as gain in business confidence adds to positive signals for economy

Wed, 30 Sep 2015

By Jonathan Underhill Sept. 30 (BusinessDesk) - The New Zealand dollar gained after business confidence rose for the first time in six months, adding to speculation there's enough positive signs in the economy to deter the central bank from cutting interest rates again next month. The kiwi rose to 63.65 US cents at 5pm in Wellington, from 63.06 cents yesterday. The trade-weighted index advanced to 69.42 from 68.97 yesterday. New Zealand businesses grew less gloomy in September, with a net 19 percent of firms pessimistic about the gener...

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