NZ dollar holds up as ructions in Washington weigh on global markets

Sun, 23 Dec 2018

By Paul McBeth Dec. 24 (BusinessDesk) - The New Zealand dollar opened the holiday-shortened week on a stable footing, having been sold off as a Federal government shutdown and divisions in the White House weighed on global markets. The kiwi traded at 67.24 US cents as at 8.30am in Wellington from 67.17 cents on Friday in New York, down from 67.73 cents in Asia last week. The trade-weighted index was at 73.74 from 73.69 last week. Stocks on Wall Street fell on Friday as investors digested the latest events in Washington. Policymakers...

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