(Bloomberg) -- The New Zealand dollar may rise from a 22 year high on speculation the central bank will increase interest rates as soon as this week, spurring investment in the nation's higher yielding assets.
There is a 64 percent chance the Reserve Bank of New Zealand will raise the official cash rate from a record 7.5 percent at its review April 26, according to a Credit Suisse Index based on overnight trading in interest-rate swaps. High rates have boosted the local dollar 18 percent over the past 12 months, the best performance among the 16 major currencies tracked by Bloomberg.
Read more at Bloomberg Currencies News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment