NZ dollar rises touches month-high after disappointing US manufacturing report

Sun, 16 Feb 2014

By Tina Morrison Feb 17 (BusinessDesk) – The New Zealand dollar touched a month-high after a weaker economic report in the US dented demand for the greenback. The kiwi touched a high of 83.85 US cents on Friday night, and was trading at 83.77 cents at 8am in Wellington from 83.64 cents at the New York close and 83.39 cents in Wellington Friday. The trade-weighted index advanced to 78.50 from 78.31 on Friday. The US dollar weakened after a report on Friday showed US manufacturing output unexpectedly dropped during January, recording its bigg...

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