NZ dollar rises in thin trading at US dollar remains weak

Thu, 28 Dec 2017

By Rebecca Howard Dec. 28 (BusinessDesk) - The New Zealand dollar rose in very thin trading as it continued to benefit from ongoing US dollar weakness and a lift in commodity-linked currencies. The kiwi rose to 70.75 US cents as at 5pm in Wellington from 70.46 cents late yesterday. The trade-weighted index rose to 74.07 from 73.96. The New Zealand dollar is "mildly elevated," said Kiwibank senior dealer Mike Shirley. "It's holiday thin trading and there is broad, very mild US weakness. We are winning by default," he said. The US d...

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