NZ dollar shrugs off weak dairy prices, rises as investors ease up on bets its going to keep falling

Wed, 04 Jul 2018

By Rebecca Howard July 4 (BusinessDesk) - The New Zealand dollar shrugged off a weak dairy auction and pushed higher against the greenback as investors pared back slightly on their expectations that the kiwi might continue to fall. The kiwi dollar rose to 67.65 as at 5pm in Wellington from 67.56 US cents as at 8:30am in Wellington and 66.96 cents late yesterday. The trade-weighted index climbed to 72.28 from 71.96. The kiwi shrugged off news that dairy product prices declined at the Global Dairy Trade auction overnight, led by a large...

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