NZ dollar may extend gains as traders question greenback's ability to keep rising

Tue, 10 Feb 2015

Feb. 10 (BusinessDesk) - The New Zealand dollar may extend its gains, buoyed by a recovery in dairy prices, relatively high interest rates and questions about the greenback's ability to continue rising. The kiwi traded at 74.33 US cents as at 5pm in Wellington, from 73.70 cents late yesterday. The trade-weighted index rose to 76.97 from 76.46. The US Dollar Index has climbed about 16 percent in the past year, propelled by signs the world's biggest economy is recovering at a time there are questions over growth in the eurozone, China and J...

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