NZ dollar rises into month-end as greenback's rally takes a pause

Wed, 30 Nov 2016

By Jonathan Underhill Nov. 30 (BusinessDesk) - The New Zealand dollar rose as the US dollar index extended its slide from a 16-year high, with the greenback's direction said to be driven by month-end grooming by fund managers and a market preparing for US payrolls data on Friday along with what's expected to be a hike from the Federal Reserve meeting on Dec. 14, The kiwi dollar rose to 71.44 US cents as at 5pm in Wellington from 70.69 cents late yesterday. The trade-weighted index gained to 78.48 from 77.70. The foreign exchange marke...

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