NZ dollar hits 2-week high on US dollar sell-off in Asia

Thu, 05 Jan 2017

By Edwin Mitson Jan. 5 (BusinessDesk) - The New Zealand dollar rose to a two-week high, lifted by widespread selling of the US dollar and the biggest rally in the value of the Chinese yuan in a year. The kiwi gained to 69.89 US cents at 5 pm in Wellington from 69.56 US cents at 8 am and 69.02 US cents this time yesterday. The trade-weighted index increased to 77.59 from 77.13 yesterday. The greenback had been trading at 14-year highs off the back of Donald Trump's victory in the US Presidential election. Minutes published overnight b...

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