NZ dollar drops as Trump says he wants a 'strong' greenback

Thu, 25 Jan 2018

By Paul McBeth Jan. 26 (BusinessDesk) - The New Zealand dollar fell almost half a US cent after US President Donald Trump said he wanted to see a "strong" greenback and that comments by his Treasury secretary earlier this week were misinterpreted. The kiwi dropped to 73.32 US cents as at 8.25am in Wellington from 73.72 cents immediately before Trump's comments, and down from 73.82 cents yesterday. The trade-weighted index declined to 74.71 from 75.02 yesterday. The Dollar Index, a measure of the greenback against a basket of currenci...

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