NZ dollar higher on thaw in US-China trade dispute

Sun, 30 Jun 2019

By Rebecca Howard July 1 (BusinessDesk) - The New Zealand dollar firmed as signs of a thaw in US-China trade relations cheered investors. The kiwi was trading at 67.19 US cents at 8am versus 67.17 cents late Friday in New York. The trade-weighted index was at 73.22 from 73.21 in New York. Markets were poised for good news and sentiment got a lift when China's President Xi Jinping and President Donald Trump, on the sidelines of the G20 summit in Osaka, agreed to a ceasefire and a return to talks. “Kiwi soared into the G20 leaders’ su...

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