NZ dollar holds above 82 cents, may gain on attractive yields

Sun, 28 Oct 2012

Oct. 29 (BusinessDesk) – The New Zealand dollar held above 82 US cents and may gain as the nation’s relatively attractive yields draw demand for the currency. The kiwi dollar traded at 82.23 US cents from 82.21 cents in New York on Friday. The trade-weighted index was at 73.38 from 73.39. The local currency rose to the highest in more than three weeks last week after Reserve Bank governor Graeme Wheeler quashed talk of an interest rate cut and said he wouldn’t contemplate intervening in currency markets. New Zealand 10-year bonds are yieldin...

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