New Zealand markets in holding pattern until US panorama clearer

Mon, 23 Jan 2017

By Rebecca Howard Jan 23 (BusinessDesk) - Both the New Zealand dollar and the stock exchange are a tad weaker but relatively steady today in the wake of US President Donald Trump's inauguration and analysts expect the situation to continue as markets take a wait-and-see approach. ANZ Bank New Zealand senior economist Phil Borkin said Saturday's inauguration did little to shed light on the Trump's administration's plans. Markets had rallied strongly after Trump's election in November with the greenback pushing higher on promises of tax cu...

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