NZ dollar holds at 2 1/2 year low as investors mull outlook

Thu, 22 Jan 2015

By Tina Morrison Jan. 23 (BusinessDesk) - The New Zealand dollar held at a key two-and-a-half year low as investors mull whether the currency is a good bet because of its high yield or whether it is risky bet given concern about slowing global growth. The kiwi touched 74.93 US cents, and was trading at 75.07 cents at 8am in Wellington, from 75.25 cents at 5pm yesterday. The trade-weighted index was little changed at 77.05 from 77.08 yesterday. The New Zealand dollar yesterday pushed through the key 75.50 US cent level, breaking the con...

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