NZ dollar headed for 1.2% weekly gain as shine comes off USD

Fri, 12 Oct 2018

By Rebecca Howard Oct. 12 (BusinessDesk) - The New Zealand dollar is headed for a 1.2 percent weekly gain after the greenback fell on declining U.S. yields and further losses on Wall Street. The kiwi traded at 65.19 US cents at 5pm in Wellington from 65.18 US cents at 8am in Wellington and 64.75 cents yesterday. It traded at 64.41 US cents last Friday in New York. The trade-weighted index advanced to 71.16 from 70.95. It benefited from US dollar weakness after equity markets took a tumble and the yield on US 10-year Treasuries fell to...

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