NZ dollar hits 4-month high as Trump announces US tariffs, raising spectre of protectionism

Tue, 23 Jan 2018

By Paul McBeth Jan. 24 (BusinessDesk) - The New Zealand dollar rose to a four-month high as US President Donald Trump raised tariffs on imports of washing machines and solar panels, raising fears about the White House's protectionist attitude. The kiwi dollar climbed as high as 73.64 US cents and traded at 73.43 cents at 8am in Wellington from 73.22 cents yesterday. The trade-weighted index gained to 75.39 from 75.21 yesterday. The Dollar Index, a measure of the greenback against a basket of currencies, fell 0.2 percent after US Trad...

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