NZ dollar rises to two-week high as weaker US growth weighs on greenback

Sun, 31 Jul 2016

By Jonathan Underhill Aug. 1 (BusinessDesk) - The New Zealand dollar rose to a two-week high after figures showed the US economy grew less than expected in the second quarter while some economists are becoming more bullish about the domestic economy. The kiwi traded at 71.96 US cents as at 8am in Wellington, from 72.13 cents in late New York trading on Friday and up from 70.88 US cents in Asia at the end of last week. The trade-weighted index was at 76.43, up from 75.74 in Wellington on Friday and well above the 71.6 average the Reserve B...

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