NZ dollar heads for 2.4% weekly gain on Orr appointment, weaker USD

Fri, 15 Dec 2017

By Rebecca Howard Dec. 15 (BusinessDesk) - The New Zealand dollar is headed for a 2.4 percent weekly gain against the greenback after getting a solid lift on news of a new central bank governor and benefiting from US dollar weakness. The kiwi was trading at 70.05 US cents as at 5pm in Wellington from 70.01 cents yesterday and up from 68.38 cents a week ago. The trade-weighted index was at 73.85 from 73.76. The kiwi pared back some of its recent losses this week when Finance Minister Grant Roberston named NZ Superannuation Fund chief e...

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