NZ dollar gains as doubts about Trump's tax reforms weigh on greenback

Thu, 28 Sep 2017

By Jonathan Underhill Sept. 29 (BusinessDesk) - The New Zealand dollar rose as doubts US President Donald Trump's economy-boosting tax reforms will easily pass into law weighed on the greenback. The kiwi rose to 72.31 US cents as at 8am in Wellington from 71.92 cents late yesterday. The trade-weighted index rose to 76.26 from 76.03. Trump this week proposed the biggest US tax overhaul in three decades, offering to lower the corporate income tax and reduce the top income tax rate for individuals as well as cut taxes for small businesses...

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