NZ dollar gains as geopolitical risks swirl, Yellen gives upbeat economic view

Mon, 10 Apr 2017

By Jonathan Underhill April 11 (BusinessDesk) - The New Zealand dollar rose amid concern geopolitical risks are on the rise after the US diverted a US carrier fleet to the Korean peninsula, while Federal Reserve chair Janet Yellen gave an upbeat view of American and global economic growth. The kiwi gained to 69.55 US cents as at 8:30am in Wellington from 69.36 cents late yesterday. The trade-weighted index rose to 76 from 75.84. US Secretary of State Rex Tillerson is due in Moscow this week for talks that come on the heels of the US mi...

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