NZ dollar hits new 2 1/2 month high as Trump's trade stance weighs on greenback

Tue, 31 Jan 2017

By Paul McBeth Feb. 1 (BusinessDesk) - The New Zealand dollar rose to a 2 1/2-month high against the greenback as investors grew warier of US President Donald Trump's stance on trade, with Germany accused of using a weak euro to exploit its trading partners and singled out as a hindrance to a trans-Atlantic deal. The kiwi rose as high as 73.50 US cents and traded at 73.31 cents as at 8am from 72.86 cents yesterday.The trade-weighted index advanced to 79.89 from 79.64. Stocks on Wall Street fell and the US dollar index declined after...

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