(Bloomberg) -- The New Zealand dollar may rise as investors are attracted to the nation's higher-yielding assets and the prospect the central bank may have to boost interest rates again this year.
New Zealand home-building approvals may have risen in March, adding to concern the central bank hasn't managed to temper consumer demand for housing with two increases to the benchmark interest rate so far this year. Statistics New Zealand releases the figures at 10:45 a.m. The local currency gained 16 percent over the past 12 months, spurred by the nation's record 7.75 percent official cash rate.
Read more at Bloomberg Currencies News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment