(Bloomberg) -- New Zealand's dollar rose on speculation a report in two days will show unemployment didn't increase, backing the case for interest rates to climb this year.
The jobless rate was 3.8 percent in the first quarter, according to a Bloomberg survey of 12 economists. Central bank Governor Alan Bollard has increased rates twice in the past two months in a bid to subdue consumer demand. The prospect for higher borrowing costs has helped the local dollar, known as the kiwi, gain 15 percent in the past 12 months.
Read more at Bloomberg Currencies News
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