NZ dollar ripe for profit-taking, dips on quake

Thu, 29 Dec 2016

By Paul McBeth Dec. 29 (BusinessDesk) - The New Zealand dollar was little changed against the greenback as uncertainty about US president-elect Donald Trump's incoming administration has investors wary about what the new year will bring. The kiwi traded at 69.27 US cents as at 5pm in Wellington from 69.16 cents at 8am and 69.14 cents yesterday. The trade-weighted index edged up to 77.41 from 77.26 yesterday. Trump has stoked concerns about a stand-off with China at the same time as relations between the US and Israel deteriorate....

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