NZ dollar holds gains against greenback but capped by political uncertainty

NZ dollar holds gains against greenback but capped by political uncertainty
Rebecca Howard
By Rebecca Howard Oct. 16 (BusinessDesk) - The New Zealand dollar held onto its gains against the greenback but political uncertainty will likely keep it capped with investors awaiting an announcement on the country's next government.   The kiwi was trading at 71.72 as at 5pm in Wellington versus 71.66 US cents as at 8am in Wellington and 71.65 cents in late New York trading on Friday. The trade-weighted index rose to 75.30 from 75.04 last week. The New Zealand dollar benefited after weaker-than-expected US inflation hurt the US dollar...