NZ dollar benefits from Trump press conference to remain at month highs

Thu, 12 Jan 2017

By Rebecca Howard Jan. 12 (BusinessDesk) - The New Zealand dollar continued to hover at its highest level since mid-December against the greenback Thursday, as traders pushed down the value of the US currency following President-elect Trump's press conference. The local currency was trading at 70.77 US cents at 5 pm in Wellington, from 70.60 US cents at 8 am and 69.97 US cents twenty-four hours ago. The trade-weighted index rose to 77.90 from 77.45 this time yesterday The US dollar came under pressure early in the Asian session after...

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