NZ dollar gains as possible US govt shutdown looms

Wed, 17 Jan 2018

By Paul McBeth Jan. 18 (BusinessDesk) - The New Zealand dollar continued its volatile start to the year, rising back above 73 US cents as the threat of a federal government shutdown in the US weighs on the greenback. The kiwi rose to 73.25 US cents as at 8am in Wellington from 72.54 cents yesterday. The trade-weighted index advanced to 75.25 from 74.69 yesterday. US legislators have until Jan. 19 to avoid a government shutdown and Republican policymakers are expected to push for a stopgap funding bill before money for federal agencie...

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