NZ dollar weaker after Trump authorises use of emergency crude stockpile

Mon, 16 Sep 2019

By Rebecca Howard Sept. 17 (BusinessDesk) - The New Zealand dollar fell against the US dollar after President Donald Trump authorised the use of the country's emergency crude stockpile after the weekend attack on Saudi Arabia’s major oil facilities. The kiwi was trading at 63.42 US cents at 8am in Wellington versus 63.84 US cents at 5pm. The trade-weighted index was at 70.36 from 70.72. The US dollar got a lift after Trump’s authorisation helped temper the surge in oil prices, which initially jumped around 20 percent in response to the...

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