NZ dollar gains, seen range-bound as traders focus on Trump economics

Wed, 23 Nov 2016

By Jonathan Underhill Nov. 23 (BusinessDesk) - The New Zealand dollar regained the ground it shed against the greenback overnight and is expected to be relatively range-bound through to the end of 2016 as traders focus on US president-elect Donald Trump and the potential for his policies to move markets. The kiwi dollar rose to 70.62 US cents as at 5pm in Wellington, from 70.47 cents at the start of the day and from 70.78 cents late yesterday. The trade-weighted index was lower at 77.68 from 77.79. Fundamentals for the kiwi dollar are ...

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