NZ dollar heads for 2.1% weekly gain, propped up by uncertainty over RBNZ review

Fri, 04 Dec 2015

By Paul McBeth Dec. 4 (BusinessDesk) - The New Zealand dollar is heading for a 2.1 percent gain this week as uncertainty over whether the Reserve Bank will cut rates next week provides support for the local currency. The kiwi rose to 66.84 US cents at 5pm in Wellington from 65.30 cents on Friday in New York last week. It traded at 66.55 cents at 8am and 66.46 cents yesterday. The trade-weighted index was little changed at 72.24 from 72.29 yesterday, and is heading for a 0.9 percent gain this week. A BusinessDesk survey of 10 currency...

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