NZ dollar gains as local yield advantage draws investors ahead of holiday period

Mon, 21 Dec 2015

By Paul McBeth Dec. 21 (BusinessDesk) - The New Zealand dollar gained as investors were drawn to the country's comparatively high interest rates ahead of the holiday period, with light trading volumes expected for the next couple of weeks. The kiwi rose to 67.48 US cents at 5pm in Wellington from 67.24 cents at 8am and 66.91 cents on Friday in New York. The trade-weighted index increased to 73.57 from 73.19 last week. Trading was relatively quiet today as investors prepare for the Christmas and New Year holidays after a flurry of act...

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