CORRECT: NZ dollar rises against China's yuan amid escalating US/China trade tensions

Mon, 13 May 2019

(corrects punctuation in third to last sentence) By Jenny Ruth May 13 (BusinessDesk) - The New Zealand dollar rose against China’s yuan as that country devalued its currency as part of its damage control in the wake of renewed trade hostilities with the United States. The kiwi was trading at 4.5101 Chinese yuan at 5.15pm in Wellington from 4.907 at 8am. The domestic currency was little changed against other major currencies, at 65.76 US cents from 65.80, but after peaking at 66.05 cents before the yuan’s devaluation. The trade-weigh...

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