NZ dollar heads for 0.5% gain in October as traders ponder greenback strength

Fri, 31 Oct 2014

By Paul McBeth Oct. 31 (BusinessDesk) - The New Zealand dollar is heading for a 0.5 percent monthly gain as traders question the sharp appreciation in the greenback since the end of June after an optimistic outlook from the Federal Reserve. The kiwi traded at 78.45 US cents at 5pm in Wellington from 78.07 cents at the end of September and 78.46 cents at the end of last week. It traded at 78.42 cents at 8am and 77.90 cents yesterday. The trade-weighted index is heading for a 0.6 percent increase in October to 76.54, up from 76.34 at last w...

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