NZ dollar buoyed by optimism on US-China trade relations

Tue, 29 Oct 2019

The New Zealand dollar rose as global risk appetite improved on the prospect of thawing trade relations between the US and China. The kiwi was trading at 63.67 US cents at 5pm in Wellington versus 63.45 cents at 8am. The trade-weighted index was at 70.37 from 70.16. Risk appetite improved on reports that US and Chinese officials are “close to finalising” some parts of a trade agreement. According to Reuters, Washington and Beijing are working to agree on the text for a 'Phase 1' trade agreement announced by US President Donald Trump...

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