(Bloomberg) -- New Zealand's dollar may rebound
from its biggest loss in more than three months because the
nation's high interest rates will attract international
investors, said banks including ABN Amro Inc. and Citigroup Inc.
New Zealand's currency, dubbed the kiwi, sank 1.6 percent
against the U.S. dollar yesterday after the Reserve Bank of New
Zealand sold its currency, saying the economic outlook doesn't
justify this year's rally to a 22-year high. The central bank
lifted its benchmark rate to a record 8 percent this month,
compared with 5.25 percent in the U.S. and 0.5 percent in Japan.
Read more at Bloomberg Currencies News
from its biggest loss in more than three months because the
nation's high interest rates will attract international
investors, said banks including ABN Amro Inc. and Citigroup Inc.
New Zealand's currency, dubbed the kiwi, sank 1.6 percent
against the U.S. dollar yesterday after the Reserve Bank of New
Zealand sold its currency, saying the economic outlook doesn't
justify this year's rally to a 22-year high. The central bank
lifted its benchmark rate to a record 8 percent this month,
compared with 5.25 percent in the U.S. and 0.5 percent in Japan.
Read more at Bloomberg Currencies News
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