NZ dollar rises on global growth optimism, waning prospects of imminent western action in Syria

Mon, 02 Sep 2013

By Tina Morrison Sept. 3 (BusinessDesk) – The New Zealand dollar advanced after positive manufacturing data in Europe and China boosted optimism about global growth and the prospects of imminent western military action in Syria faded. The kiwi rose to 78.11 US cents at 8am in Wellington from 77.87 cents at 5pm yesterday with the US markets closed for a public holiday. The trade-weighted index rose to 74.13 from 73.86 yesterday. Optimism about global growth rose after data showed manufacturing in China and Europe expanded, boosting demand for...

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