NZ dollar gains as threat of US govt shutdown weighs on greenback

Thu, 18 Jan 2018

By Paul McBeth Jan. 19 (BusinessDesk) - The New Zealand dollar rose back above 73 US cents as the looming deadline for US policymakers to extend funding for the federal government to avoid a shutdown weighed on the greenback and pushed up US interest rates. The kiwi gained to 73.08 US cents as at 8.30am from 72.60 cents yesterday. The trade-weighted index advanced to 75.15 from 74.89 yesterday. US legislators have a Jan. 19 deadline to extend funding measures to avoid freezing federal government functions and need buy-in from the Dem...

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