NZ dollar gains as US Senate cuts deal to end govt shutdown, stoking risk appetite

Mon, 22 Jan 2018

By Paul McBeth Jan. 23 (BusinessDesk) - The New Zealand dollar rose back above 73 US cents as policymakers reached a deal to end a federal government shutdown, underpinning investor confidence and helping push stocks on Wall Street to new highs. The kiwi gained to 73.06 US cents as at 8am in Wellington from 72.81 cents yesterday. The trade-weighted index advanced to 75.05 from 74.85. US senators agreed to legislation funding the federal government after an impasse last week led to a shutdown of operations for three days, raising fear...

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