NZ dollar higher as greenback falters on trade jitters, weak US data

Thu, 23 May 2019

By Rebecca Howard May 24 (BusinessDesk) - The New Zealand dollar was trading higher early Friday on weak US data and as US-China trade tensions show no sign of easing. The kiwi was trading at 65.20 US cents at 7:45am in Wellington from 64.88 at 5pm. The trade-weighted index eased to 71.97 points from 71.75. "The escalation of the US-China trade war took its toll on the markets overnight where we saw a sell-off of tech, industrials and energy stocks," said ANZ Bank FX/rates strategist Sandeep Parekh. Given that both sides will negotiat...

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