NZ dollar rises on strong domestic exports, Trump comments on Powell

Tue, 25 Jun 2019

By Rebecca Howard June 25 (BusinessDesk) - The New Zealand dollar firmed on strong domestic trade data and after the greenback lost further ground when US President Donald Trump asserted that he has the power to remove the head of the US Federal Reserve. The kiwi was trading at 66.47 US cents at 5pm in Wellington versus 66.16 at 8am. The trade-weighted index was at 72.53 from 72.20. The kiwi got a lift after Stats NZ reported a wider-than-expected May trade surplus thanks to record exports. Exports reached $5.8 billion in May, up 8.5...

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