(Bloomberg) -- New Zealand's dollar may rise above a 22-year high on speculation the central bank will increase the benchmark interest rate as soon as this week, boosting the appeal of the nation's high-yielding assets.
New Zealand's official cash rate, which was increased to a record 7.5 percent March 8, has helped the currency, known as the kiwi, rise 17 percent in the past six months, the best performance of the major currencies tracked by Bloomberg. There is a 64 percent chance the central bank will raise the cash rate at its April 26 review, according to a Credit Suisse index based on overnight trading in interest-rate swaps.
Read more at Bloomberg Currencies News
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