NZ dollar gains as global mood improves on US-China progress

Mon, 04 Nov 2019

The New Zealand dollar firmed against the greenback on renewed global optimism after the US and China indicated progress was being made on an interim trade deal. The kiwi was trading at 64.44 US cents at 7:50 am in Wellington from 64.26 cents late Friday in New York. The trade-weighted index was at 70.91 versus 70.72. There was “consensus on principles” during a “serious and constructive” telephone call between the main trade negotiators, Reuters reported the Chinese Commerce Ministry saying. US President Donald Trump told reporters “...

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