NZ dollar holds below 71 US cts as election outcome could move either way

Tue, 10 Oct 2017

By Paul McBeth Oct. 10 (BusinessDesk) - The New Zealand dollar is holding below 71 US cents as traders eye the Thursday deadline NZ First leader Winston Peters has given himself to pick which party he'll support to govern the country. The kiwi traded at 70.68 US cents at 5pm in Wellington from 70.70 cents at 8am and 70.75 cents yesterday. The trade-weighted index fell to 74.64 from 74.86 yesterday. Traders are reluctant to choose which way Peters will lean with just two days before NZ First will install either the incumbent National...

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