NZ dollar gains as US budget deal deadline comes into focus

Mon, 18 Dec 2017

By Rebecca Howard Dec. 18 (BusinessDesk) - The New Zealand dollar rose against the greenback on concern there are risks around Republican leaders looking to pass tax reform legislation and reach a budget deal with the Democrats before the end of the week to avoid a government shutdown. The New Zealand dollar traded at 70.10 US cents as at 5pm in Wellington from 69.89 cents in New York on Friday. The trade-weighted index rose to 73.98 from 73.85. The US dollar - which gained overnight Friday on optimism US tax reforms will be enacted,...

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