NZ dollar rises from 10-month low as weak Chinese export data stoke concern

Thu, 13 Oct 2016

By Paul McBeth Oct. 14 (BusinessDesk) - The New Zealand dollar rose from a 10-month low as weaker-than-expected Chinese trade figures deflated some optimism in global markets that's been underpinning the greenback's strength. The kiwi gained to 70.88 US cents at 8am in Wellington from 70.57 cents yesterday. The trade-weighted index increased to 76.25 from 76.04. The Chicago Board Options Exchange's Volatility Index, known as Wall Street's 'fear gauge', rose 2.6 percent and the Standard & Poor's 500 Index slipped 0.1 percent as trader...

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