NZ dollar tumbles vs yen on potential for Trump victory, Republican 'clean sweep'

Wed, 09 Nov 2016

By Jonathan Underhill Nov. 9 (BusinessDesk) - The New Zealand dollar tumbled against the yen as speculation grew that the Republican Party may win not only the White House but achieve a clean sweep with control of the Senate and the House as well, giving it more power to enact policy than President Barack Obama had. The kiwi fell to 74.66 yen as at 5pm in Wellington from 76.53 yen late yesterday. The local dollar traded at 73.33 US cents from 73.24 cents yesterday. The New York Times has put Donald Trump's chances of winning the US pre...

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