Fonterra gives kiwi dollar a fillip
FONTERRA'S higher forecast payout to farmers for this season has boosted the kiwi dollar against major currencies.
THE New Zealand dollar has gained after Fonterra lifted its forecast payout to farmers, reducing the prospects of the rural sector slowing the economy.
THE kiwi rose to 62.91 US cents as at 5pm in Wellington, from 62.63 cents late on Wednesday.
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