RESEND: NZ dollar gains after Chinese manufacturing beats expectations

Mon, 23 Jun 2014

(Fixes typo in headline, garble in 3rd graph) By Suze Metherell June 23 (BusinessDesk) - The New Zealand dollar rose after Chinese data showed its manufacturing sector was in expansion for the first time in six months. The local currency advanced to 87.32 US cents at 5pm in Wellington, from 86.93 cents at 8am and 86.96 cents at the New York close last week. The trade-weighted index rose to 81.16 from 81 this morning. The HSBC China flash purchasing manager's index (PMI) for June rose to 50.8, in a scale where a reading above 50 indi...

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