NZ dollar edges up as investors increase holdings following 6.7 percent quarterly slide

Mon, 01 Jul 2013

By Tina Morrison July 2 (BusinessDesk) – The New Zealand dollar edged up as investors increased their holdings in the local currency after a 6.7 percent slide last quarter amid expectations super-loose monetary conditions in the US will end this year. The kiwi rose to 78.01 US cents from 77.70 cents at 5pm in Wellington yesterday. The trade-weighted index increased to 73.98 from 73.75 yesterday. The New Zealand dollar is rebounding following a quarterly decline after the Federal Reserve signalled an end to its massive monetary stimulus, sen...

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