NZ dollar holds gains on improved dairy, bank capital outlook

Fri, 06 Dec 2019

The New Zealand dollar held its ground overnight, supported by the strong dairy outlook and new capital requirements for the banking sector that were less onerous than feared. The kiwi was trading at 65.46 US cents from 65.35 US cents at 5pm. The trade-weighted index was at 72.34 from 72.27. With no fresh news on the never-ending US-China trade talks the US dollar drifted lower for a fifth session, with little to move markets ahead of the key non-farm payrolls employment data there tonight, BNZ interest rates strategist Nick Smyth said in...

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