NZ dollar rises above 72 US cents as Trumpflation trades unwind

Wed, 18 Jan 2017

By Edwin Mitson Jan. 18 (BusinessDesk) - The New Zealand dollar rose above 72 US cents, its highest level since mid-December, as investors in the United States moved to unwind trades based on the anticipated inflationary policies of President-elect Donald Trump. The kiwi was trading at 72.04 US cents at 5pm in Wellington, a slight increase on 72.02 US cents at 8am and up from 71.14 US cents yesterday. It rose as high as 72.15 US cents mid-morning. The trade-weighted index climbed to 78.72 from 78.35. The US dollar had surged since th...

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