NZ dollar holds gains as Macron win in France stokes investor optimism

Mon, 08 May 2017

By Paul McBeth May 9 (BusinessDesk) - The New Zealand dollar held on to yesterday's gains as Emmanuel Macron's emphatic victory in the French presidential election underpinned investor optimism, with Wall Street's fear gauge at a 10-year low. The kiwi traded at 69.13 US cents as at 8am in Wellington from 69.23 cents yesterday, having recovered from an 11-month low last week. The trade-weighted index was at 75.38 from 75.39 yesterday. The Chicago Options Board Exchange's Volatility Index, known as the VIX, fell to 9.72, the lowest rea...

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