NZ dollar rises on business confidence, Chinese manufacturing, seen extending gains

Wed, 31 May 2017

By Jonathan Underhill May 31 (BusinessDesk) - The New Zealand dollar rose as a pickup in business confidence and stronger-than-expected Chinese manufacturing data added to positive sentiment for the kiwi. The kiwi dollar traded at 70.85 US cents as at 5pm in Wellington, and earlier touched 71.17 cents, from 70.46 US cents late yesterday. The trade-weighted index rose to 76.57 from 76.31 yesterday. China's National Bureau of Statistic's official Purchasing Managers' Index (PMI) beat estimates at 51.2 this month, showing no drop-off from...

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