NZ Dollar makes further gains overnight on continued Trump disappointment

Thu, 12 Jan 2017

By Rebecca Howard Jan. 13 (BusinessDesk) - The New Zealand dollar made further gains overnight benefiting from a weaker US dollar as markets remained disappointed with the lack of detail from US president-elect Donald Trump’s press conference. The kiwi rose as high as 71.43 US cents and was trading at 71.19 US cents at 8 am in Wellington from 70.77 cents yesterday. The trade-weighted index advanced to 78.25 from 77.90. “This is the unwind of the Trump trade as the market was clearly very disappointed in Trump’s inability to enlighten...

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