The US dollar may trump the kiwi

US voters are deciding between Donald Trump and Kamala Harris for the presidency. (Images: Getty)

Tue, 05 Nov 2024

The New Zealand dollar fell 6% against the greenback in October and the US election could lead to it taking another hit.The kiwi hovered around 60 US cents on Monday afternoon in Wellington and Westpac Bank head of NZ strategy Imre Speizer said it could head to 58.50 US cents in the next week or two.The main events on the immediate horizon are the US election, the US Federal Reserve’s rate decision and NZ’s labour data. “US events will be critical,” he said. "The election will be of most importance, with a [Don...

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