NZ dollar holds near 72 US cts as political uncertainties limit decline

Mon, 23 Apr 2018

By Paul McBeth April 23 (BusinessDesk) - The New Zealand dollar held above 72 US cents as political uncertainties in the world's biggest economy limited the greenback's gains from rising US interest rates. The kiwi traded at 72.03 US cents at 5pm in Wellington from 72.07 cents at the New York close on Friday, and down from 72.40 cents in Asia last week. The trade-weighted index was at 74.24 from 74.29. The greenback gained as the yield on US 10-year Treasuries rose 5 basis points to 2.96 percent, a four-year high. With two or three m...

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