NZ dollar may gain as Trump uncertainty weighs on US rate hike view

Mon, 22 May 2017

By Paul McBeth May 22 (BusinessDesk) - The New Zealand dollar may gain against the greenback this week as investors question whether US President Donald Trump's fiscal policies will get bogged down in political scandal and weigh on the need for aggressive rate hikes by the Federal Reserve. The kiwi edged up to 69.36 US cents as at 5pm in Wellington from 69.25 cents on Friday in New York. The trade-weighted index increased to 75.07 from 74.69 last week. New Zealand's currency is recovering from an 11-month low against the greenback it...

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