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Dollar gains after Fonterra raises payout forecast, Guoxin commits to Christchurch investments

2015-09-24 08:34:52| Food - Topix.net

The New Zealand dollar rose after Fonterra Cooperative Group lifted its forecast payout to farmers, reducing the prospects of the rural sector slowing the economy, and after China's Guoxin International Co committed to raising some $3 billion to invest in the rebuild of Christchurch. The kiwi rose to 62.91 US cents as at 5pm in Wellington, from 62.63 cents late yesterday.

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