NZ dollar heads for 1% weekly gain as economic outlook picks up

Fri, 20 Feb 2015

By Paul McBeth Feb. 20 (BusinessDesk) - The New Zealand dollar is heading for a 1 percent weekly gain against the greenback as recent data and upbeat dairy auctions paint a strong picture of the local economy, and after minutes to the last Federal Reserve policy meeting raised questions about when the US central bank will hike interest rates. The kiwi rose to 75.29 US cents at 5pm in Wellington from 74.52 cents on Friday in New York last week. It was little changed from 75.19 US cents at 8am, and down from 75.64 cents yesterday. The trade...

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