NZ Dollar Outlook Kiwi may gain, pushing TWI to record as carry trade seen returning

Mon, 08 Apr 2013

April 8 (BusinessDesk) – The New Zealand dollar may extend its gains against the yen and the greenback, pushing the trade-weighted index to record levels and further above the central bank’s comfort zone, as Japan joins the US in printing massive volumes of its currency. The kiwi dollar is trading at 84.07 US cents from 84.31 cents in New York on Friday and climbed to as high as 82.95 yen, a five-year high, from 82.21 yen. That drove the TWI as high as 77.75, the highest since the kiwi began trading freely in 1985. The local currency may tra...

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