Kiwi strengthens on optimism over US-China trade talks

Mon, 25 Mar 2019

By Margreet Dietz March 26 (BusinessDesk) - The New Zealand dollar strengthened against the US greenback amid optimism about trade talks between the US and China. China is New Zealand’s single-biggest export market. Eyes are also on New Zealand’s latest trade balance, due this morning. It is expected to show a $200 million deficit for February, after posting a $914 million deficit in January, which was a record for that month of the year. The kiwi traded at 69.04 US cents at 8:32am in Wellington from 68.76 cents at 5pm on Monday. The...

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