NZ dollar firms despite US-China trade jitters

Fri, 01 Nov 2019

The New Zealand dollar rose despite the re-emergence of jitters over a potential US-China trade deal. It was helped by the People's Bank of China gently lifting the yuan all week and by decreasing expectations of a local interest rate cut next week. The kiwi was trading at 64.35 US cents at 5:05pm in Wellington from 64.10 at 8am while it rose to 4.5304 yuan from 4.5113. The currency has gained the best part of a US cent this week after closing in New York last Friday at 63.49 cents. "Part of the reason for the New Zealand dollar being str...

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