NZ dollar firms on improving risk appetite as US-China trade worries ease

Mon, 26 Aug 2019

By Rebecca Howard Aug. 27 (BusinessDesk) - The New Zealand dollar found some support after risk appetite got a lift when US President Donald Trump talked up the prospects of a trade deal with China. The kiwi was trading at 63.83 US cents at 7:55 am versus 63.75 US cents at 5pm in Wellington. The trade-weighted index was at 71.23 from 71.17. Risk assets, like the kiwi dollar, benefited when Trump tweeted that he had "great respect for the fact that President Xi & his representatives want 'calm resolution.' So impressed that they are w...

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