(Bloomberg) -- New Zealand's dollar rose above 81
U.S. cents for the first time since being allowed to trade
freely in 1985, as investors are lured to the nation's higher-
yielding assets by the prospect of another rate increase.
The New Zealand dollar has gained 30 percent over the past
12 months, the best-performing major currency, as central bank
Governor Alan Bollard raised interest rates three times to a
record 8 percent. There is a 62 percent chance he will raise
rates at his monetary policy review July 26, according to a
Credit Suisse Group index based on interest rate swaps.
Read more at Bloomberg Currencies News
U.S. cents for the first time since being allowed to trade
freely in 1985, as investors are lured to the nation's higher-
yielding assets by the prospect of another rate increase.
The New Zealand dollar has gained 30 percent over the past
12 months, the best-performing major currency, as central bank
Governor Alan Bollard raised interest rates three times to a
record 8 percent. There is a 62 percent chance he will raise
rates at his monetary policy review July 26, according to a
Credit Suisse Group index based on interest rate swaps.
Read more at Bloomberg Currencies News
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