NZ dollar rises

The New Zealand dollar has risen against its US counterpart Tuesday, trading at 65.05 US cents from yesterday’s 64.46 US cents.

The NZ dollar, which was pushing higher after Finance Minister Grant Robertson signalled the government is about to announce a “significant” fiscal stimulus package, surged higher yesterday afternoon after China’s upbeat manufacturing data revitalised risk appetite.

The local currency was at 58.65 euros; 50.18 against the British pound; 70.83 against the Japanese yen and at 95.28 Australian dollars. 


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