NZ dollar gains with other commodity currencies as greenback slips from 16-year high

Mon, 21 Nov 2016

By Jonathan Underhill Nov. 22 (BusinessDesk) - The New Zealand dollar rose along with other commodity linked currencies as raw material prices gained and the greenback slipped from a 16-year high. The local currency rose to 70.37 US cents as at 8am in Wellington from 69.99 cents late yesterday. The trade-weighted index rose to 77.56 from 77.29. The US dollar index fell, having rallied to its highest levels since 2003 on the prospects of stimulatory US fiscal policy with Donald Trump in the White House and the Republican Party in contro...

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