NZ dollar benefits from possible US-China trade deal

Mon, 14 Oct 2019

The New Zealand dollar was higher after the US and China reached the first phase of a deal to end their trade war. The kiwi was trading at 63.30 US cents at 8am from 63.36 cents late Friday in New York and 63.21 cents in Wellington. The trade-weighted index was at 70.34 from 70.40. The so-called “phase-1” agreement between US President Donald Trump and China’s Vice Premier Liu He is intended to be inked when Trump meets with Chinese President Xi at the APEC leaders’ meeting in Chile in November. According to Dow Jones Newswires, Pr...

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