NZ dollar gains as higher yields lure investors

Thu, 25 Feb 2016

By Tina Morrison Feb. 26 (BusinessDesk) - The New Zealand dollar gained as the country's higher relative interest rates lured investors. The kiwi rose to 67.12 US cents at 8am in Wellington, from 66.47 cents at 5pm yesterday. The trade-weighted index increased to 72.97 from 72.38 yesterday. The New Zealand dollar has gained 2.6 percent so far this month as negative interest rates in some of the world's largest economies means the positive yield on offer in New Zealand holds enough allure for investors. Traders are doubtful the Federal...

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