NZ dollar gains as market bets on Clinton victory, takes on riskier assets

Tue, 08 Nov 2016

By Jonathan Underhill Nov. 9 (BusinessDesk) - The New Zealand dollar rose to a two-month high, pushing above 79 on a trade-weighted basis, as investors bet Hillary Clinton will win the US presidential election, giving them more appetite to take on risk. The kiwi traded at 73.65 US cents as at 8am in Wellington from 73.24 cents late yesterday. The trade-weighted index rose as high as 79.03 and was recently at 78.97, from 78.59 late yesterday. The Reuters/Ipsos States of the Nation project has odds of 90 percent that Clinton will beat Do...

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