NZ dollar touches 2-week high as oil prices recover ground, boosting optimism

Mon, 18 Apr 2016

By Tina Morrison April 19 (BusinessDesk) - The New Zealand dollar touched its highest level in more than two weeks after oil prices recovered ground following a slump yesterday when oil producers failed to reach agreement on freezing production to bolster prices. The kiwi hit 69.57 US cents and was trading at 69.46 cents at 8am in Wellington, from 69.21 cents at 5pm yesterday. The trade-weighted index was little changed at 73.08 from 73.06 yesterday. Currencies linked to commodities, such as the kiwi, Aussie and Canadian dollars, advan...

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