NZ dollar rises to week high as commodity currencies return to favour

Thu, 21 Jan 2016

By Tina Morrison Jan. 22 (BusinessDesk) - The New Zealand dollar rose to a week high as commodity-linked currencies returned to favour after European Central Bank president Mario Draghi signalled a willingness to ease policy further to stimulate growth. The kiwi touched 65.37 US cents and was trading at 64.95 cents at 8am in Wellington, from 64.35 cents at 5pm yesterday. The trade-weighted index advanced to 71.68 from 71.20 yesterday. Investor sentiment improved after European Central Bank president Mario Draghi suggested the ECB might...

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