NZ dollar holds gains against USD as risk appetite firm

Tue, 05 Jun 2018

By Rebecca Howard June 5 (BusinessDesk) - The New Zealand dollar held its gains against the greenback and could push slightly higher in the short term as risk appetite remains firm. The kiwi traded at 70.22 US cents as at 5pm in Wellington from 70.25 US cents as at 8:30am in Wellington and 69.81 cents late yesterday. The trade-weighted index was at 73.53 from 73.57 yesterday. The kiwi tracked improving global risk sentiment higher on stronger economic data in the US and the UK and fading concerns about Italy's political crisis. "We...

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