NZ dollar drops vs greenback, euro on Trump's trade barriers, French election

Tue, 25 Apr 2017

By Jonathan Underhill April 26 (BusinessDesk) - The New Zealand dollar tumbled against the greenback in a selloff of commodity-linked currencies after US President Donald Trump's administration imposed duties on Canadian softwood, and extend its slide against the euro on relief over France's presidential race. The kiwi fell to 69.48 US cents as at 8am in Wellington from 70.33 cents late yesterday. It dropped to 63.49 euro cents from 64.30 cents. The greenback rose to a 12-month high against the Canadian dollar after US Commerce Secreta...

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