NZ dollar benefits from optimism US, China can reach trade deal

Wed, 26 Jun 2019

By Rebecca Howard June 27 (BusinessDesk) - The New Zealand dollar rose as sentiment improves ahead of the G20 meeting in Japan this weekend. The kiwi was trading at 66.80 US cents at 7:55am from 65.52 US cents at 5pm in Wellington. The trade-weighted index was at 72.92 from 72.72. Markets got a lift when US Treasury Secretary Steven Mnuchin told CNBC on Wednesday the US and China were close to a trade deal and that he’s optimistic progress can be made during talks between President Donald Trump and China’s leader Xi Jinping. "We a...

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