NZ dollar hovers near 66 US cents; eyes on US-China deal details

Mon, 16 Dec 2019

The New Zealand dollar hovered near 66 US cents as markets await further detail on the first phase of the US-China trade agreement The New Zealand dollar was trading at 65.94 US cents at 8am in Wellington versus 65.97 cents late Friday in New York. It touched an overnight high of 66.36 cents Friday on initial optimism about the deal. The trade-weighted index was at 72.54 from 72.53. “Markets responded cautiously to news of a fresh trade agreement between the US and China,” said ANZ FX/rates strategist Sandeep Parekh. “Kiwi lost its footin...

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