NZ dollar heads for 2.2 percent weekly gain vs. greenback

Fri, 14 Jun 2013

By Paul McBeth June 14 (BusinessDesk) - The New Zealand dollar is heading for a 2.2 percent weekly gain against the greenback after the Reserve Bank kept rates on hold yesterday, and the first Federal Reserve approaches its first monetary policy review since signalling it would slow its money-printing programme. The kiwi traded at 80.56 US cents at 5pm in Wellington from 80.78 cents at 8am, and 79.20 cents yesterday. A BusinessDesk survey of six strategists on Monday was divided on where the kiwi would end up, predicting it would trade in a...

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