NZ dollar gains as Trump's tariff plan weighs on greenback

Fri, 02 Mar 2018

By Jonathan Underhill March 2 (BusinessDesk) - The New Zealand dollar rose after US President Donald Trump announced tariffs on imported steel and aluminium, which saw stocks on Wall Street fall, along with US interest rates, dragging the greenback down. The kiwi dollar rose to 72.69 US cents as at 5pm in Wellington, rebounding from an initial selloff, from 72.04 cents late yesterday. It has fallen about 1.1 percent in the past week. The trade-weighted index rose to 74.93 from 74.39 yesterday. Trump said he will impose a 25 percent tar...

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