NZ dollar rises as oil prices advance from lows, Chinese stocks gain

Wed, 13 Jan 2016

By Paul McBeth Jan. 13 (BusinessDesk) - The New Zealand dollar rose as oil prices gained from a 12-year low and Chinese stocks gained in afternoon trading, easing investors' fears about the world's second-biggest economy and its impact on commodity producing nations. The kiwi increased to 65.64 US cents at 5pm in Wellington from 65.36 cents at 8am and little changed from 65.60 cents yesterday. The trade-weighted index was little changed at 72.30 from 72.27 yesterday. West Texas Crude oil prices bounced from a 12-year low US$29.93 a b...

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