NZ dollar holds gains as positive yields attract increasingly nervous investors

Wed, 10 Feb 2016

By Paul McBeth Feb. 10 (BusinessDesk) - The New Zealand dollar held on to most of its gains in the local trading session as the country's positive yields attracted investors struggling to find actual returns, while they become increasingly nervous about the prospects for global growth. The kiwi traded at 66.18 US cents at 5pm in Wellington from 66.35 cents at 8am, up from 65.88 cents yesterday. The trade-weighted index advanced to 72.01 from 71.89 yesterday. Stocks across Asia fell, following Wall Street lower, as investors remain pe...

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