NZ dollar heads for 0.9 percent weekly gain on TWI as central banks keep easing bias

Fri, 05 Jul 2013

By Paul McBeth July 5 (BusinessDesk) - The New Zealand dollar trade weighted index is heading for a 0.9 percent weekly gain as central banks in Australia and Europe kept their easing bias amid uncertain outlooks for their respective economies. The trade-weighted index rose to 74.59 at 5pm in Wellington from 74.07 yesterday, and was up from 73.89 at the start of the week. The kiwi traded at 78.12 US cents from 73.87 cents at 8am, up from 77.79 cents yesterday. The currency is heading for a 0.3 percent weekly gain against the greenback, start...

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