NZ dollar heads for 0.4% weekly gain; greenback poised for more strength

Fri, 27 Feb 2015

By Paul McBeth Feb. 27 (BusinessDesk) - The New Zealand dollar is heading for a 0.4 percent gain against the greenback this week, ahead of what might be an extended rally for the US currency as the prospects for the world's biggest economy remain strong. The kiwi rose to 75.48 US cents at 5pm in Wellington from 75.18 cents on Friday in New York last week. It traded at 75.31 cents at 8am, and was down from 75.63 cents yesterday. The trade-weighted index increased to 78.42 from 78.26 yesterday, and is heading for a 0.4 percent weekly gain f...

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