NZ dollar extends decline as greenback benefits from Trump's 'inflationary' plans

Thu, 10 Nov 2016

By Jonathan Underhill Nov. 11 (BusinessDesk) - The New Zealand dollar extended its decline amid speculation US president-elect Donald Trump's policy plans such as tax cuts and infrastructure spending will stoke the American economy and inflation. The kiwi fell to 72.10 US cents from 72.66 cents late yesterday. The trade-weighted index dropped to 77.98 from 78.21. Stocks on Wall Street advanced, with the Dow Jones Industrial Average touching a record high amid bets that US President-elect Donald Trump will spend more and regulate less a...

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