(Bloomberg) -- The New Zealand dollar rose to its
strongest in 22 years against the U.S. currency and a 19-year
high versus the yen on speculation investors will buy the
country's bonds.
New Zealand's currency extended this year's advance to 11.3
percent versus the dollar on prospects the nation's borrowing
costs are more likely to rise than those in the U.S. The yield
spread between two-year New Zealand and U.S. notes was 243.2
percentage points today, near the widest in more than two years.
Read more at Bloomberg Currencies News
strongest in 22 years against the U.S. currency and a 19-year
high versus the yen on speculation investors will buy the
country's bonds.
New Zealand's currency extended this year's advance to 11.3
percent versus the dollar on prospects the nation's borrowing
costs are more likely to rise than those in the U.S. The yield
spread between two-year New Zealand and U.S. notes was 243.2
percentage points today, near the widest in more than two years.
Read more at Bloomberg Currencies News
No comments:
Post a Comment