NZ dollar pushes through 67 US cents on exporter buying

Mon, 30 Dec 2019

The New Zealand dollar pushed through 67 US cents as exporters converted foreign sales proceeds for year-end and on expectations a preliminary trade deal between the US and China will be signed. The kiwi, already at a five-month high, was trading at 67.11 US cents at 5pm in Wellington, from 66.98 cents in New York late Friday and 66.79 cents in Wellington last week. The trade-weighted index rose to 73.44 from 73.41 in New York and 73.31 in Wellington last week. Kevin Morgan, a senior dealer at OMF, said the kiwi appeared to be benefiti...

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