NZ dollar heads for 0.4% weekly gain in lacklustre trading

Fri, 15 Aug 2014

By Paul McBeth Aug. 15 (BusinessDesk) - The New Zealand dollar is heading for a 0.4 percent weekly gain in what's been lacklustre trading, with little hard economic data driving direction. The kiwi rose to 84.88 US cents at 5pm in Wellington from 84.56 cents at the New York close last week. It traded at 84.91 cents at 8am, up from 84.70 cents yesterday. The trade-weighted index rose to 79.62 from 79.27 last week, and was up from 79.50 yesterday. A BusinessDesk survey of 10 traders and strategists predicted the kiwi would trade between...

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