NZ dollar risess as gains in dairy auction helps lift sentiment

Tue, 19 Feb 2013

Feb. 20 (BusinessDesk) – The New Zealand dollar gained as a strong GlobalDairyTrade auction added to positive sentiment about the local economy and trader await a speech to manufacturers and exporters from Reserve Bank governor Graeme Wheeler. The kiwi dollar rose to 84.87 US cents from 84.37 cents at 5pm in Wellington yesterday. The trade-weighted index rose to 77.06 from 76.77. The local currency has recorded a volatile 24 hours on the back of dairy news, having been sold off yesterday after reports China had destroyed branded New Zealand...

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