NZ dollar up 2.1 percent vs greenback this week

Fri, 12 Jul 2013

By Paul McBeth July 12 (BusinessDesk) - The New Zealand dollar is heading for a 2.1 percent weekly gain against the greenback after the local currency jumped to a three-week high yesterday when investors reassessed whether the US Federal Reserve will start slowing down its money printing programme. The kiwi rose as high as 79.68 US cents this week, trading at 78.68 cents at 5pm in Wellington from 78.33 cents at 8am and 79.52 cents yesterday. It started the week at 77.05 cents. The trade-weighted index fell to 74.57 at 5pm from 75.10 yesterda...

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