NZ dollar benefits from US short-term government funding deal

Tue, 23 Jan 2018

By Rebecca Howard Jan. 23 (BusinessDesk) - The New Zealand dollar gained against the greenback after US legislators managed to broker a deal to end a federal government shutdown. The kiwi rose as high as 73.55 US cents and traded at 73.22 cents as at 5pm in Wellington from 72.81 cents yesterday. The trade-weighted index advanced to 75.21 from 74.85. The US House of Representatives passed a short-term measure on Monday to fund the federal government through Feb. 8 after the bill won enough support in the Senate, bolstering risk-sensit...

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