NZ dollar heads for 1% weekly gain as sentiment picks up

Fri, 22 Jan 2016

By Tina Morrison Jan. 22 (BusinessDesk) - The New Zealand dollar is heading for a 1 percent gain against the greenback this week as commodity currencies came back into favour on the prospect of further stimulus in Europe and a rebound in oil prices. The kiwi rose to 65.24 US cents at 5pm in Wellington from 64.62 cents on Friday in New York last week. The trade-weighted index is heading for a 1.2 percent weekly advance and was last at 71.98. A BusinessDesk survey of eight currency analysts predicted the kiwi would trade between 63 US ce...

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