NZ dollar edges higher, awaiting further impetus

Mon, 17 Jun 2019

By Jenny Ruth June 17 (BusinessDesk) - The New Zealand dollar was slightly stronger as the market awaited further developments affecting global trade and on other geopolitical fronts such as the attacks last week on oil tankers in the Gulf of Oman. The kiwi was trading at 65.06 US cents at 5pm in Wellington from 64.91 at 8am and 64.89 in New York on Friday. The trade-weighted index edged up to 71.74 points from 71.61. “We’ve drifted gradually higher over the course of the day. It seems appropriate, given the sharp decline on Friday,” s...

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