NZ dollar gains as Hurricane Harvey adds to negative greenback sentiment

Mon, 28 Aug 2017

By Jonathan Underhill Aug. 29 (BusinessDesk) - The New Zealand dollar rose as Hurricane Harvey caused widespread flooding in the Houston area, adding to negative sentiment for the US dollar already suffering from lack of policy momentum from the Trump administration and the looming showdown on raising the US debt ceiling. The kiwi dollar gained to 72.53 US cents as at 8am in Wellington from 72.38 cents late yesterday. The trade-weighted index was little changed at 75.88 from 75.86. The Washington Post reported that the US has until ear...

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