NZ dollar weakens despite positive trade war noises

Tue, 27 Aug 2019

By Jenny Ruth Aug. 27 (BusinessDesk) - The New Zealand dollar fell despite signs China wants to renew trade talks with the US and despite Reserve Bank of Australia deputy governor Guy Debelle trying to talk the Australian dollar down. The kiwi was trading at 63.65 US cents at 5pm in Wellington from 63.83 cents at 7:55am. It was at 94.17 Australian cents from 94.24 cents and the trade-weighted index was at 71.07 points from 71.23. “The kiwi has massively under-performed, especially against the Australian dollar,” says Tim Kelleher, head...

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