NZ dollar gains may be short-lived as investor nerves tested

Fri, 19 Oct 2018

By Paul McBeth Oct. 19 (BusinessDesk) - The 0.8 percent weekly gain the New Zealand dollar is heading for may be short-lived as geopolitical tensions and rising US interest rates heighten market volatility. The kiwi traded at 65.61 US cents as at 5pm from 65.51 cents yesterday, up from 65.06 cents on Friday in New York. The trade-weighted index was at 71.87 from 71.67 yesterday and is heading for a 1 percent weekly gain. The local currency got a boost from higher than expected inflation data this week, which prompted some traders to...

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