NZ dollar rises as pickup in commodities, share market gains stoke risk appetite

Wed, 09 Sep 2015

By Jonathan Underhill Sept. 9 (BusinessDesk) - The New Zealand dollar rose along with other so-called commodity currencies, on optimism China has managed to arrest a slide in its stock market, helping drive a global rally in equities and prices of commodities. The kiwi increased to 63.71 US cents at 5pm in Wellington, from 62.76 cents late yesterday. The trade-weighted index rose to 69.31 from 68.49 yesterday. Share markets rose across the Asia Pacific region, following gains on Wall Street as the Shanghai Composite Index extended its...

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