NZ dollar heads for 0.7% monthly gain in November, bouncing back from mid-year slide

Fri, 28 Nov 2014

By Paul McBeth Nov. 28 (BusinessDesk) - The New Zealand dollar is heading for a 0.7 percent monthly gain against the greenback, recovering some of its mid-year slump, as large global funds start preparing to rejig their portfolios for the end of the calendar year, though the downward trend remains intact. The kiwi rose to 78.32 US cents at 5pm in Wellington from 77.80 cents at the end of October. It traded at 78.69 cents at 8am and 79.11 cents yesterday. The trade-weighted index is heading for a 2.1 percent monthly gain to 78.32 from 76.7...

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