NZ dollar gains as CPTPP deal reached; growing US protectionism weighs on greenback

Wed, 24 Jan 2018

By Rebecca Howard Jan. 24 (BusinessDesk) - The New Zealand dollar gained as investors welcomed an agreement on the regional Asia-Pacific trade and investment pact, while growing US protectionism weighed on the greenback. The kiwi dollar rose to 73.60 US cents as at 5pm in Wellington from 73.43 cents at 8am and 73.22 cents yesterday. The trade-weighted index gained to 75.43 from 75.21 yesterday. The local currency got a boost from news negotiators finalised the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership -...

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