NZ dollar falls as Trump's Iran deal withdrawal weighs on crude oil, commodities

Tue, 08 May 2018

By Jonathan Underhill May 9 (BusinessDesk) - The New Zealand dollar fell to a new four-month low, joining a sell-off in commodity-linked currencies after US President Donald Trump said the US would pull out of an agreement over Iran's nuclear programme and reimpose sanctions on Tehran immediately. The kiwi dollar dropped to 69.65 US cents as at 8am in Wellington from 70.13 US cents late yesterday. The trade-weighted index fell to 73.04 from 73.38. Trump described the international agreement over Iran, which was signed off by former Pre...

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