NZ dollar gains on bargain hunting ahead of RBNZ rate decision

Mon, 11 Feb 2019

By Jenny Ruth Feb. 11 (BusinessDesk) - The New Zealand dollar rose against all major currencies in what dealers describe as “bargain hunting” after a horror week last week. The kiwi was trading at 67.56 US cents at 5pm in Wellington from 67.40 at 8am. Last week, the currency traded as high as 68.96 US cents before falling as low as 67.30 in New York trading on Friday. The trade weighted index was at 73.37 points from 73.11. The head of external foreign exchange sales at ASB Bank, Tim Kelleher, says the market is effectively treading wa...

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