NZ dollar gains as White House posturing, trade tensions fuel uncertainty

Thu, 20 Dec 2018

By Paul McBeth Dec. 21 (BusinessDesk) - The New Zealand dollar rose as equity market volatility spiked to its highest level since February amid concerns US policymakers won't avoid a government shutdown, and as global trade tensions remain high amid accusations of cyber attacks. The kiwi increased to 67.80 US cents as at 8am in Wellington from 67.37 cents yesterday, when it was sold off sharply on weak local economic growth data and after the US Federal Reserve flagged a less aggressive track for higher rates in 2019. The trade-weighted...

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