NZ dollar touches month-high as Trump's first press conference offers little insight into stimulus

Wed, 11 Jan 2017

By Paul McBeth Jan. 12 (BusinessDesk) - The New Zealand dollar hit a month-high as investors were disappointed US president-elect Donald Trump didn't provide much detail on his spending programme in his first press conference, prompting a sell-off in the greenback. The kiwi rose as high as 70.87 US cents, trading at 70.60 US cents as at 8am in Wellington from 69.97 cents yesterday. The trade-weighted index advanced to 77.88 from 77.45. The US dollar index, a measure of the greenback against a basket of currencies, fell 0.5 percent af...

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