NZ dollar gains as traders split on central banks' direction

Tue, 26 Apr 2016

By Jonathan Underhill April 26 (BusinessDesk) - The New Zealand dollar rose, reversing course from an overnight selloff in a sign traders are divided about what they'll learn about the outlook for interest rates from the central banks of Japan, New Zealand and the US this week. The kiwi rose to 68.75 US cents as at 5pm, in Wellington, from 68.45 cents at the start of the day and from 68.57 cents late yesterday. The trade-weighted index rose to 72.57 from 72.50 at the end of last week. The Federal Open Market Committee may keep US inter...

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