NZ dollar consolidates gains against US, Aus currencies

Tue, 22 Nov 2016

By Edwin Mitson Nov. 22 (BusinessDesk) - The New Zealand dollar gained against its US and Australian counterparts, consolidating above US 70 cents following a run of falling sharply against the greenback. The local currency traded at 70.78 US cents, compared to 70.37 cents at 8am this morning and 69.99 cents at 5pm in Wellington yesterday. The US dollar has rallied strongly since the victory of President-elect Donald Trump as markets expect his stimulus policies to boost inflation and economic growth in the world's largest economy. The t...

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