NZ dollar reaches 5-month high as US-China trade deal nears

Fri, 27 Dec 2019

The New Zealand dollar climbed to a five-month high, buoyed by the imminent signing of a preliminary trade deal between the US and China and strong fundamentals for the local economy. The kiwi was trading at 66.79 US cents at 5pm in Wellington, from 66.69 cents yesterday and 66.32 cents on Tuesday before the local two-day Christmas holiday break. The trade-weighted index rose to 73.31 from 73.20 yesterday and 72.95 points on Tuesday. The New Zealand dollar has gained almost 4 percent against the US dollar this month, boosted by strong dai...

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