Tag Archives: New Zealand Dollar

Fund Friday: income from developing Asia

In the four years since the U.S. Federal Reserve brought rates down to zero, U.S.-based investors are forced to take extra risk and look in less common places to achieve desired income levels. One such place is a closed end fund (CEF) that invests overseas, has a nice current yield and expects to continue a long history of solid performance.

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Kiwi gaining support

All we the themes in the currency markets have surrounded the U.S. fiscal cliff from the stand point that the U.S. fiscal cliff can be averted. It this sentiment coupled with positive New Zealand economic data has sent the New Zealand dollar higher against the U.S. dollar. The NZD/USD pair hit a 3 week intraday high of 0.82686 in early trading.

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