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

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

More Markets

NZ sharemaket up 0.1% despite 'volatile' markets
Markets Market Close

NZ sharemaket up 0.1% despite 'volatile' markets

The S&P/NZX 50 Index closed at 12,338.57, up 18.38 points or 0.15%.

NZX-listed companies take stock in wake of US tariff moves
Economy

NZX-listed companies take stock in wake of US tariff moves

Wine makers, manufacturers and others mull what trade wars will bring.

Analysts struggle to find upside from Trump tariffs
Economy

Analysts struggle to find upside from Trump tariffs

‘They've forgotten the lessons of the Great Depression,’ one analyst said.