NZ dollar hits four-month low on Trump tax plan, reports of US Nafta exit

Wed, 26 Apr 2017

By Paul McBeth April 27 (BusinessDesk) - The New Zealand dollar dropped to a four-month low as US President Donald Trump unveiled his much-vaunted tax reform plans, while trade-orientated nations came under pressure on reports the US plans to quit the North American Free Trade Agreement. The kiwi fell as low as 68.68 US cents, the lowest since Dec. 23, and was trading at 68.93 cents as at 8am in Wellington from 69.26 cents yesterday. The trade-weighted index declined to 74.88 from 75.05 yesterday. The greenback garnered support as US...

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