NZ dollar rises to 10-month high as commodities rally, dairy prices gain

Tue, 19 Apr 2016

By Paul McBeth April 20 (BusinessDesk) - The New Zealand dollar rose to a 10-month high as commodities continued their rally, and as prices for the country's biggest export, dairy, rose. The kiwi climbed as high as 70.54 US cents and was trading at 70.48 cents at 8am from 69.96 cents yesterday. The trade-weighted index gained to 73.78 from 73.06 yesterday. Oil prices extended their recovery from a slump on Monday when investors were disappointed by producers' inability to rein in production, and helped push up the Thompson Reuters/Co...

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