NZ dollar rises to 3-week high amid global growth concerns as dairy prices gain

Wed, 15 Oct 2014

By Tina Morrison Oct. 16 (BusinessDesk) - The New Zealand dollar touched a three-week high even amid concerns about global economic growth, and as dairy product prices rose in the latest auction. The kiwi edged close to its key 80 US cent resistance level, touching a high of 79.94 cents, and was trading at 79.52 cents at 8am in Wellington, from 78.37 cents at 5pm yesterday. The trade-weighted index gained to 77.13 from 76.43 yesterday. The dollar index, which measures the greenback against a basket of currencies, dropped to its lowest...

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