NZ dollar gains as global political uncertainty weighs on greenback

Mon, 28 May 2018

By Paul McBeth May 28 (BusinessDesk) - The New Zealand dollar rose amid heightened geopolitical uncertainty with the prospect of Spain and Italy going back to the polls, continuing trade talks between the US and China, and an unclear outcome on whether the US will meet with North Korea. The kiwi gained to 69.51 US cents as at 5pm in Wellington from 69.20 cents at 8am and 69.16 cents on Friday in New York. The trade-weighted index advanced to 72.86 from 72.62 last week. Public holidays in the UK and US thinned out trading activity in...

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