NZ dollar rises amid talk of China increasing IP theft penalties

Mon, 25 Nov 2019

The New Zealand dollar was stronger after reports that China is looking at how to deal with intellectual property theft, a key demand of the United States in their ongoing trade dispute. The kiwi was trading at 64.19 US cents at 5pm in Wellington from 64.00 at 8am while the trade-weighted index was at 71.13 points from 71.04. Bloomberg reported that China is considering increasing penalties for theft of intellectual property - or IP - as part of a compromise with Washington. "It's still a reasonably tightish range," according to Kiwiba...

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