NZ dollar gains 2.3% on week as US dollar remains out of favor

Fri, 08 Sep 2017

By Rebecca Howard Sept. 8 (BusinessDesk) - The New Zealand dollar was higher on the day and up 2.3 percent for the week as the greenback remained out of favor due to internal political issues, jitters around North Korea as well as several hurricanes. The kiwi was trading at 73.21 US cents as at 5pm versus 72.33 US cents as at 8am and from 72.02 cents. It was trading at 71.54 cents in New York last Friday. The trade weighted index climbed to 75.64 from 75.04. The greenback has come under fire on jitters that Pyongyang could launch ano...

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