NZ dollar rises on lift in Chinese manufacturing, more gains seen for dairy

Thu, 01 Oct 2015

By Jonathan Underhill Oct. 1 (BusinessDesk) - The New Zealand dollar rose after an official measure of manufacturing in China improved last month and traders bet next week's dairy auction will herald further gains in prices. The kiwi rose to 64.08 US cents as at 5pm in Wellington, from 63.65 cents late yesterday. The trade-weighted index advanced to 69.82 from 69.42. China's official Purchasing Managers' Index rose to 49.8 last month from 49.7 in August, and while still showing contraction below the 50 level was better than analysts ha...

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