NZ dollar falls as Trump election stokes volatility, RBNZ open to intervention

Thu, 10 Nov 2016

By Paul McBeth Nov. 10 (BusinessDesk) - The New Zealand dollar fell as the election of Donald Trump to the White House stoked volatility across financial markets and the Reserve Bank left the door open to intervening in foreign exchange markets as a means to lean against a persistently strong currency. The kiwi traded at 72.66 US cents at 5pm in Wellington from 72.72 cents at 8am, and down from 73.33 yesterday. The trade-weighted index fell to 78.21 from 78.66 yesterday. The greenback recovered from an initial sell-off as investors d...

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