‘Unloved’ Kiwi Dollar Draws European Funds Betting on Economic Rebound
European fund managers have been buying up New Zealand’s kiwi in a bet that the currency will benefit from an economic revival, the prospect of interest-rate hikes and broad weakness...
By Naomi Tajitsu · Bloomberg Markets
European fund managers have been buying up New Zealand’s kiwi in a bet that the currency will benefit from an economic revival, the prospect of interest-rate hikes and broad weakness in the US dollar.