NZ dollar advances as investors favour higher yielding currencies

Mon, 30 Nov 2015

By Tina Morrison Dec. 1 (BusinessDesk) - The New Zealand dollar advanced, stopping shy of 66 US cents, as investors sought higher-yielding currencies in an environment where many central banks are looking to ease policy. The kiwi rose as high as 65.90 US cents, and was trading at 65.82 cents at 8am in Wellington, from 65.38 cents at 5pm yesterday. The trade-weighted index gained to 71.71 from 71.30 yesterday. Investors are favouring currencies with higher interest rates, such as the New Zealand dollar, where the benchmark is at 2.75 pe...

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