NZ dollar rises to highest in almost a month as Italy fears ease, trade returns to focus

Thu, 31 May 2018

By Jonathan Underhill June 1 (BusinessDesk) - The New Zealand dollar rose to its highest level in almost a month as fears about Italy's political crisis eased, helping lift the euro, and the US stoked concerns about a trade war with steel tariffs for Canada, Mexico and the European Union. The kiwi dollar traded at 69.98 US cents as at 8am in Wellington and earlier reached 70.23 cents, the highest since May 8, from 69.84 cents late yesterday. The trade-weighted index gained to 73.45 from 73.26. The leader of Italy's Five Star Movement,...

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