NZ dollar rises as migration continues at record pace

Fri, 20 May 2016

By Jonathan Underhill May 20 (BusinessDesk) - The New Zealand dollar rose after figures showed the nation continues to welcome migrants at a record pace, ensuring a key plank of economic growth and demand remains in place. The kiwi rose to 67.61 US cents from 67.31 cents late yesterday and is heading into the weekend little changed on the week. The trade-weighted index rose to 72.79 from 72.55. Net migration was 68,100 in the 12 months through April, with 5,520 in April alone seasonally adjusted. That was down from the 5,800 monthly av...

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