New Zealand dollar continues to make headway vs greenback, Trump inauguration in focus

Fri, 20 Jan 2017

By Rebecca Howard Jan. 20 (BusinessDesk) - The New Zealand dollar continued to gain against the US dollar today as the greenback slipped ahead of US president-elect Donald Trump's inauguration. The local currency rose to 72.14 US cents as at 5pm in Wellington, from 71.67 cents at 8am and 71.38 cents late yesterday. The trade-weighted index advanced to 78.90 from 78.31. "The kiwi made big changes overnight and that continued into Asia," said Stuart Ive, senior dealer foreign exchange at OMF in Wellington. Ive said markets in general ar...

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