NZ dollar gains as outlook for local economy trumps US executive orders

Mon, 30 Jan 2017

By Jonathan Underhill Jan. 31 (BusinessDesk) - The New Zealand dollar rose as optimism about the outlook for the domestic economy boosted the kiwi while markets tried to assess the implications of US President Donald Trump's executive orders such as a halt to some inbound migrants. The kiwi traded at 72.82 US cents as at 8am in Wellington from 72.65 cents late yesterday. The trade-weighted index rose to 79.65 from 79.46. The kiwi has now traded above 72 US cents for a week and has been helped by expectations the Reserve Bank will begin...

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