NZ dollar extends gains on concern 'Trump factor' being over-hyped

NZ dollar extends gains on concern 'Trump factor' being over-hyped
Jonathan Underhill
By Jonathan Underhill Feb. 16 (BusinessDesk) - The New Zealand dollar extended its gains amid concern financial markets have been building too much optimism about US President Donald Trump's ability to deliver tax cuts and US economic growth. The kiwi rose to 72.25 US cents as at 5pm in Wellington, and earlier touched a week-high of 72.40 cents from 71.73 cents late yesterday. The trade-weighted index rose to 78.55 from 78.11. The US dollar initially gained overnight after figures showed the US consumers price index rose 2.5 percent in...