NZ dollar gains amid heightened China concerns

Tue, 12 Nov 2019

The New Zealand dollar firmed as doubts about the pace of an interim China-US trade deal and renewed violence in Hong Kong weighed on sentiment.The kiwi was trading at 63.69 US cents at 8am, from 63.45 cents last night. The trade-weighted index was at 70.34 from 70.06.Chinese stock indices fell sharply yesterday after a protester was shot in Hong Kong, escalating tensions already high due to an attempted city-wide strike.Data also showed new bank lending in China, New Zealand’s biggest trading partner, slowed to a 22-month low in October. While...

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