NZ dollar gains vs greenback as Trump backtracks on Syria attack, rises vs yen, euro

Thu, 12 Apr 2018

By Jonathan Underhill April 13 (BusinessDesk) - The New Zealand dollar rose against the US dollar after US President Donald Trump appeared to backtrack on his intention to attack Syria, reviving risk appetite and reducing demand for safe-haven currencies such as the yen. The kiwi gained to 73.71 US cents as at 8am in Wellington from 73.58 cents late yesterday. It climbed to 79.06 yen, only the second time it has topped 79 yen since late February, from 78.68 yen yesterday. The trade-weighted index rose to 75.65 from 75.43. Trump tweeted...

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