NZ dollar falls after Trump's tax talk lifts greenback, Wheeler tepid on rate hikes

Thu, 09 Feb 2017

By Jonathan Underhill Feb. 10 (BusinessDesk) - The New Zealand dollar fell to its lowest level since Jan. 23 after US President Donald Trump hinted at tax cuts within weeks and after Reserve Bank governor Graeme Wheeler said interest rates wouldn't rise any time soon. The New Zealand dollar fell as low as 71.72 US cents and traded at 71.84 cents as at 8am in Wellington from 71.96 cents late yesterday. The trade-weighted index was little changed at 78.32. Trump told airline executives that he would be announcing "something phenomenal i...

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