NZ dollar opens higher as dairy prices lift, oil eases

Tue, 17 Sep 2019

By Rebecca Howard Sept. 18 (BusinessDesk) - The New Zealand dollar lifted against the greenback, helped by a positive overnight global dairy auction. The kiwi was trading at 63.56 US cents at 7:55 am in Wellington from 63.31 US cents at 5pm yesterday. The trade-weighted index was at 70.50 from 70.37. The GDT price index climbed 2 percent from the previous auction two weeks ago. The average price was US$3,303 a tonne, up from US$3,202. Whole milk powder rose 1.9 percent to US$3,133 a tonne. The kiwi “finds its feet following a strong...

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