NZ dollar little changed through Christmas as greenback still in favour

Tue, 27 Dec 2016

By Paul McBeth Dec. 28 (BusinessDesk) - The New Zealand dollar was little changed through the Christmas holiday period as investors continued to rally behind the greenback on the expectation of rising US interest rates. The kiwi traded at 68.85 US cents as at 8am in Wellington from 68.79 cents yesterday, and 68.77 cents on Friday in New York. The trade-weighted index edged down to 76.98 from 77.09 last week. The US dollar index has remained near 14-year highs, with investors optimistic US president-elect Donald Trump's infrastructure...

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