NZ dollar gains in quiet trading as investors see decline as opportunity to buy

Mon, 26 May 2014

By Tina Morrison May. 27 (BusinessDesk) - The New Zealand dollar advanced in quiet holiday trading as some investors saw the currency's recent decline as an opportunity to buy the local currency. The kiwi rose to 85.48 US cents at 8am in Wellington from 85.34 cents at 5pm yesterday. The trade-weighted index gained to 79.81 from 79.73 yesterday. Currency markets were illiquid overnight with the US markets closed for Memorial Day holiday and UK banks closed for the nation's May Day holiday. The New Zealand dollar edged up...

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