NZ dollar edges up as GDP looms, US tax bill passes Senate

Wed, 20 Dec 2017

By Paul McBeth Dec. 21 (BusinessDesk) - The New Zealand dollar gained ahead of third-quarter gross domestic product figures likely to show the economy grew at a slower pace due to weak milk production and after US President Donald Trump's tax bill was approved by the Senate. The kiwi rose to 69.81 US cents as at 8am in Wellington from 69.61 cents yesterday. The trade-weighted index edged up to 73.49 from 73.33. Economists expect New Zealand's economy probably grew 0.6 percent in the three months ended Sept. 30 with lower dairy produc...

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