NZ dollar TWI heads for 1.5% weekly gain on flat rate outlook, growth prospects

Fri, 11 Dec 2015

By Paul McBeth Dec. 11 (BusinessDesk) - The New Zealand dollar is heading for a 1.5 percent weekly gain on a trade-weighted basis after the Reserve Bank yesterday signalled rates would be unchanged for the next three years, with the local economy still likely to outperform its global peers. The trade-weighted index rose to 73.36 at 5pm in Wellington from 72.26 Friday last week, and was up from 73.02 yesterday. The kiwi is largely unchanged against the greenback on the week, trading at 67.47 US cents at 5pm from 67.44 cents on Friday in N...

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