(Bloomberg) -- New Zealand's dollar pared its gain
from near a 22-year high, on concern the nation's central bank
may sell the currency again to curb its strength.
The currency traded as high as 76.34 U.S. cents earlier
today, just shy of the 76.39 level it reached June 11, when the
central bank sold the New Zealand dollar, causing it to drop as
much as 1.8 percent. The Reserve Bank of New Zealand sold the
currency a second time on June 18, some traders said.
Read more at Bloomberg Currencies News
from near a 22-year high, on concern the nation's central bank
may sell the currency again to curb its strength.
The currency traded as high as 76.34 U.S. cents earlier
today, just shy of the 76.39 level it reached June 11, when the
central bank sold the New Zealand dollar, causing it to drop as
much as 1.8 percent. The Reserve Bank of New Zealand sold the
currency a second time on June 18, some traders said.
Read more at Bloomberg Currencies News
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