NZ dollar gets lift from tariff delay on some China goods

Tue, 13 Aug 2019

By Rebecca Howard Aug. 14 (BusinessDesk) - The New Zealand dollar gained against the Japanese yen as risk appetite got a solid lift from news that some US tariffs would be delayed. The kiwi was trading at 68.83 yen at 8am in Wellington from 67.94 yen at 5pm yesterday. It was at 64.53 US cents from 64.45 US cents at 5pm in Wellington. “The JPY underperformed against all G10 as safe-haven demand pulled back sharply,” said ANZ FX/rates strategist Sandeep Parekh. Investors were cheered when the United States Trade Representative said “c...

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