NZ dollar benefiting from ‘sell US’ trade, more to come

The NZ dollar has gained more than 5% since Donald Trump's “Liberation Day” tariff announcements. (Image: Getty)

Tue, 22 Apr 2025

The New Zealand dollar is hovering around a five-month high in the wake of US President Donald Trump’s latest attack on Federal Reserve chair Jerome Powell. The kiwi was trading at 60 US cents at 11.40am in Wellington on Tuesday after touching around 60.19 US cents overnight, the highest since Nov 7. It has gained more than 5% since “Liberation Day”. The S&P/NZX 50 was down 0.8%, weighed by Exchange Traded Funds. “US assets have sold off after President Trump kicked off a renewed campaign attacking Po...

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