(Bloomberg) -- The New Zealand dollar may fall on
speculation the nation's central bank will take advantage of the
Independence Day holiday in the U.S. to sell the currency while
trading is subdued.
The kiwi, as the currency is known, lost as much as 1.8
percent on June 11, a public holiday in Australia, when the
central bank sold New Zealand dollars for the first time in 22
years. It also fell after the bank sold again on June 18 and
June 22, according to two New Zealand banks. Around 41.1 million
Americans may take vacations this week, according to the
American Automobile Association.
Read more at Bloomberg Currencies News
speculation the nation's central bank will take advantage of the
Independence Day holiday in the U.S. to sell the currency while
trading is subdued.
The kiwi, as the currency is known, lost as much as 1.8
percent on June 11, a public holiday in Australia, when the
central bank sold New Zealand dollars for the first time in 22
years. It also fell after the bank sold again on June 18 and
June 22, according to two New Zealand banks. Around 41.1 million
Americans may take vacations this week, according to the
American Automobile Association.
Read more at Bloomberg Currencies News
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