NZ dollar rises to 2-month high as US consumer confidence falls, commodities rise

Wed, 27 Dec 2017

By Jonathan Underhill Dec. 28 (BusinessDesk) - The New Zealand dollar rose to a two-month high in subdued holiday season trading after US consumer confidence fell and the kiwi benefitted from gains in commodity-linked currencies. The kiwi rose to 70.67 US cents as at 8am in Wellington, and earlier touched 70.78 cents for the first time since Oct. 19, from 70.46 cents late yesterday. The trade-weighted index rose to 74.07 from 73.96. The US Conference Board's consumer confidence index fell to 122.1 this month from a revised 128.6 in Nov...

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