NZ dollar ekes out 0.1% weekly gain, treading water amid geopolitical turbulence

Fri, 25 May 2018

By Rebecca Howard May 25 (BusinessDesk) - The New Zealand dollar is headed for a 0.1 percent weekly gain against the greenback and is largely treading water as markets eye the political turbulence between the US and North Korea. The kiwi dollar traded at 69.20 US cents as at 5pm in Wellington versus 69.29 US cents as at 8am and 69.25 cents late yesterday. It was at 69.10 last Friday in New York. The trade-weighted index was at 72.59 from 72.68. The kiwi benefited when the US dollar came under pressure after US President Donald Trump c...

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