NZ dollar edges up as yields remain attractive

Sun, 21 Dec 2014

By Paul McBeth Dec. 22 (BusinessDesk) - The New Zealand dollar edged up against the greenback as traders seek higher yielding assets heading into the New Year after the Swiss National Bank signalled plans last week to cut its deposit rate to negative, spurring demand for real returns. The kiwi increased to 77.58 US cents at 8am from 77.47 cents on Friday in New York, and down from 77.80 cents in Wellington last week. The trade-weighted index was little changed at 78.70 from 78.78 last week. Switzerland's central bank will reduce the ra...

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