NZ dollar rises on outlook for economy, increased risk sentiment

Thu, 20 Sep 2018

By Margreet Dietz Sept. 21 (BusinessDesk) - The New Zealand dollar rose for a seventh straight session on better-than-expected domestic economic growth, while a report that China is set to cut tariff rates on imports from the majority of its trading partners as soon as next month also bolstered risk sentiment and the currency. The kiwi climbed to 66.85 US cents as at 9am in Wellington from 66.45 cents yesterday. A Statistics New Zealand report yesterday showed that gross domestic product grew 1 percent in the June quarter and expanded...

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