NZ dollar edges up after Swiss National Bank imposes negative rates

Thu, 18 Dec 2014

By Paul McBeth Dec. 19 (BusinessDesk) - The New Zealand dollar edged up after the Swiss National Bank imposed negative deposit rates in a bid to keep a cap on the nation's currency, leaving Australasian nations as relatively safe places for investors to park their money over the holiday period. The kiwi increased to 77.34 US cents at 8am in Wellington from 77.13 cents yesterday. The trade-weighted index advanced to 78.32 from 77.80 yesterday. Switzerland's central bank will cut the rate on 'sight deposits' to minus 0.25 percent from Ja...

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