NZ dollar rises against Aussie, Chinese yuan

Mon, 20 May 2019

By Jenny Ruth May 20 (BusinessDesk) - The New Zealand dollar strengthened against its Australian counterpart and the Chinese yuan but was little changed against other currencies. The local currency had previously weakened as the Australian dollar surged in the wake of the surprise outcome of Australia’s election which saw the Liberal-led coalition hold on to power but those gains were partly unwound during the day. The gain against the yuan reflects China’s attempt to lessen the impact on its economy of United States tariffs on its exp...

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