Wednesday, July 13, 2016

The New Zealand dollar has risen to its highest level in more than a year against the greenback.

As of this morning it was sitting at more than 73 US cents, almost $1 more than yesterday.

That's the strongest the kiwi dollar has been against the American currency since May last year.

The rise is being attributed to positive risk sentiment and higher commodity prices, although economists note the sector is currently under-performing.

Items for sale in Dunedin