NZ dollar ticks up on Chinese PMI report

Thu, 24 Jan 2013

Jan. 24 (BusinessDesk) – The New Zealand dollar market gleaned support from a positive purchasing managers’ report in China after earlier being reassured by a vote that bought time on the US debt ceiling issue. The kiwi was at 84.32 US cents at 5pm from 84.18 US cents at 8am and 84.05 cents at 5pm on Wednesday. News that the HSBC Flash China manufacturing PMI rose to 51.9 in January from 51.5 in December helped the kiwi off its lows in afternoon trading. It was the fifth consecutive monthly rise in the purchasing managers’ index, which is at...

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