NZ dollar heads for 2% gain in 2016, belying volatile year

Fri, 30 Dec 2016

By Paul McBeth Dec. 30 (BusinessDesk) - The New Zealand dollar is heading for a 2 percent gain against the greenback this year, belying the currency's volatility in a year that delivered unexpected results in the UK's vote on European Union membership and the US presidential election, as well as local interest rates sinking to a new record low. The kiwi traded at 69.63 US cents at 1.30pm in Wellington from 68.25 cents at the start of the year. However, New Zealand's currency fell as low as 63.46 cents in January and peaked at 74.85 cents...

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