NZ dollar gains as greenback extends slide, stability report looms

Tue, 29 Nov 2016

By Jonathan Underhill Nov. 30 (BusinessDesk) - The New Zealand dollar rose to a two-week high as the US dollar index extended its slide from the highest levels in 16 years and traders awaited the release of the Reserve Bank's stability report. The kiwi dollar rose to 71.22 US cents as at 8am in Wellington from 70.69 cents late yesterday. The trade-weighted index gained to 78.22 from 77.70. Euphoria over Donald Trump's US presidential victory drove the US dollar index to its highest levels since 2003 last week, as investors bet he will...

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