The New Zealand dollar was little changed above 72 US cents, near its highest in more than a month, after US President Donald Trump expounded plans for protectionist policies including renegotiation of trade agreements and a border tax.
The kiwi traded at 72.12 US cents as at 8am in Wellington from 72.02 cents late yesterday. The trade-weighted index edged up to 78.77 from 78.65.
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The US dollar index, which measures the greenback against a basket of currencies, fell to then lowest since Dec. 9, and stocks fell in the US and Europe after Trump formally ordered the US to withdraw from the Trans-Pacific Partnership trade deal and Bloomberg News reported he was also preparing to renegotiate the North American Free Trade Agreement.