NZ dollar heading for 1.6% quarterly gain, 'Swiss Franc of South Pacific'
March 29 (BusinessDesk) - The New Zealand dollar is heading for a 1.6 percent quarterly gain against the US dollar after a whippy three months that saw it around 5 percent higher at one stage as the greenback remained out of favour.
The New Zealand dollar traded at 71.99 US cents as at 5pm versus 72.07 US cents as at 8am in Wellington and 72.69 cents late yesterday. it began the quarter around 70.80 US cents. The trade-weighted index fell to 74.04 as at 5pm from 74.50 late yesterday.