NZ dollar gains as US dollar index dips from 16-year high, US bond yields slip

Mon, 28 Nov 2016

By Jonathan Underhill Nov. 28 (BusinessDesk) - The New Zealand dollar gained as the greenback slipped from a 16-year high and the yield on US Treasuries fell on perceptions the market had driven the Donald Trump-led US growth story too hard based on the policies he promised on the campaign trail. The kiwi dollar rose to 70.76 US cents as at 5pm in Wellington from 70.37 cents in New York on Friday. The trade-weighted index rose to 77.68 from 77.55. The US dollar index had climbed to its highest levels since 2003 in the wake of Trump's p...

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