NZ dollar gains as traders eye RBNZ's review, global risk appetite picks up

Mon, 09 Jun 2014

By Jonathan Underhill June 9 (BusinessDesk) - The New Zealand dollar gained on speculation the central bank will reiterate its projection for rising interest rates at this week's review against a backdrop of a strengthening domestic growth and signs of global growth that are encouraging investors to take on risk. The kiwi rose to 85.13 US cents from 84.89 cents at 8am in Wellington and up from 85.01 cents at the New York close on Friday. The trade-weighted index rose to 79.36 from 79.11 on Friday. The Reserve Bank is exp...

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