NZ dollar heads for 1.3 percent weekly gain as China, Europe outlook improves

Fri, 11 Jan 2013

By Paul McBeth Jan. 11 (BusinessDesk) - The New Zealand dollar is heading for a 1.3 percent weekly gain against the greenback after better-than-expected Chinese trade figures and an upbeat European Central Bank sapped demand for the world's reserve currency. The kiwi fell to 84.25 US cents at 5pm in Wellington from 84.46 cents this morning, though up from 84 cents yesterday. The trade-weighted index was little changed at 75.61 from 75.67 yesterday, and may gain 1.7 percent this week. The Dollar Index, a measure of the greenback against a b...

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