NZ dollar jumps above 74 US cts as US Treasury secretary jawbones greenback

Wed, 24 Jan 2018

By Paul McBeth Jan. 25 (BusinessDesk) - The New Zealand dollar jumped above 74 US cents for the first time since September after US Treasury Secretary Steven Mnuchin talked up the trade benefits of a weaker greenback, while Commerce Secretary Wilbur Ross said his nation was ready for a trade war. The kiwi climbed to 74.28 US cents as at 8am in Wellington from 73.60 cents yesterday and has gained 4.6 percent so far this year. The trade-weighted index rose to 75.69 from 75.43 yesterday. The Dollar Index, a measure of the greenback agai...

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