NZ dollar slips from 11-week high, seen resuming upward trend on yield appeal

Wed, 30 Dec 2015

By Jonathan Underhill Dec. 30 (BusinessDesk) - The New Zealand dollar fell from an 11-week high but is seen resuming its upward trend as the nation's relatively appealing interest rates attract investors. The kiwi traded at 68.55 US cents as at 5pm in Wellington, having earlier risen as high as 68.86 cents, from 68.69 cents late yesterday. The trade-weighted index fell ton 74.39, having earlier reached a six-month high of 74.57 from 74.50 yesterday. With few central banks other than the US Federal Reserve talking about raising interest...

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