The New Zealand dollar was trading near a two-week high this morning. Photo / 123RF
The New Zealand dollar was trading near a two-week high against its US counterpart after the end of the partial government shutdown there removed one potential risk in global markets.
The kiwi was trading at 68.37 US cents at 8:30am from 67.73 cents here last week and 68.37 cents in
New York late Friday. The trade-weighted index rose to 73.90 from 73.52.
"Risk markets ended the week on a high, supported by positive earnings reports and headlines that an agreement has been reached to temporarily end the US government shutdown," ANZ said in a client note.
While the fix is only temporary, "it is a monkey off the market's back."
US President Donald Trump ended the 35-day shutdown of parts of the federal government on Friday with an agreement to fund the government through to Feb.15. The backdown, without gaining any of the US$5.7 billion he had sought for a wall on the Mexico border, came as international flights started being affected by a lack of air traffic controllers.
