Kiwi Dollar Looks To Stay Strong
For the world's top-yielding major currency, the New Zealand dollar, the start of a monetary tightening phase in the United States is expected to hold little threat.
Sunday, July 4th 2004, 8:27AM
by The Landlord
That was the consensus from currency analysts after the US Federal Reserve made what markets believe will be the first of several interest rate increases.
The reason: interest rates still have room to rise in New Zealand, which will protect or even widen the country's yield premium, while rates in Australia are seen to be at or near their peak.
Read More - Opens in a new window
| « Rates up, up and away | The Low Down on Lo–Doc » |
Special Offers
Commenting is closed
|
|
Printable version |
|
Email to a friend |
