(Bloomberg) -- The New Zealand dollar may fall a third
day as a boost in risk appetite prompts investors to buy emerging
market currencies that are benefiting from higher interest rates.
New Zealand's dollar, known as the kiwi, has gained 9.1 percent
against the dollar in the past six months, less than the 11 percent
gain by the Brazilian Real, which is buoyed by a benchmark rate 7.25
percentage points higher than the U.S. and 4.25 points more than New
Zealand. Investors were spurred to riskier investments as U.S.
stocks extended their longest stretch of weekly gains since 2004
last week, adding to confidence in the market's stability.
Read more at Bloomberg Currencies News
day as a boost in risk appetite prompts investors to buy emerging
market currencies that are benefiting from higher interest rates.
New Zealand's dollar, known as the kiwi, has gained 9.1 percent
against the dollar in the past six months, less than the 11 percent
gain by the Brazilian Real, which is buoyed by a benchmark rate 7.25
percentage points higher than the U.S. and 4.25 points more than New
Zealand. Investors were spurred to riskier investments as U.S.
stocks extended their longest stretch of weekly gains since 2004
last week, adding to confidence in the market's stability.
Read more at Bloomberg Currencies News
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