NZ dollar climbs above 70 US cents on relatively upbeat kiwi fundamentals

Tue, 23 May 2017

By Jonathan Underhill May 23 (BusinessDesk) - The New Zealand dollar rose above 70 US cents for the first time in about a month on expectations this week's budget will paint an upbeat picture of the domestic economy at a time political uncertainties have weighed on the greenback. The kiwi rose to 70.19 US cents as at 5pm in Wellington from 69.36 cents late yesterday. The trade-weighted index increased to 75.80 from 75.07. An explosion at a concert in Manchester, England, that left 19 dead and almost 60 injured had little impact on curr...

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