(Bloomberg) -- New Zealand's dollar may rise today
as investors in Japan continue to be attracted to the nation's
higher-yielding assets.
The currency, known as the kiwi, gained 35 percent against
the yen, and 26 versus the U.S. dollar the past year as
investors use cheaply borrowed yen to buy New Zealand bonds and
bills. The country's record 8 percent interest rate is 7.5
percentage points higher than Japan's.
Read more at Bloomberg Currencies News
as investors in Japan continue to be attracted to the nation's
higher-yielding assets.
The currency, known as the kiwi, gained 35 percent against
the yen, and 26 versus the U.S. dollar the past year as
investors use cheaply borrowed yen to buy New Zealand bonds and
bills. The country's record 8 percent interest rate is 7.5
percentage points higher than Japan's.
Read more at Bloomberg Currencies News
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