NZ dollar little changed as traders hold out hope Trump will unleash US stimulus

Tue, 28 Feb 2017

By Jonathan Underhill Feb. 28 (BusinessDesk) - The New Zealand dollar was little changed ahead of a speech by US President Donald Trump that some traders expect will set out his spending plans and the magnitude of his policies while there's little domestic news likely to move the kiwi. The local currency traded at 71.82 US cents as at 5pm in Wellington from 71.94 cents late yesterday. The trade-weighted index slipped to 78.11 from 78.24. US Treasury Secretary Steven Mnuchin said last weekend that Trump will use a speech on Tuesday in t...

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