NZ dollar rises despite trepidation about Trump's planned China comments

Fri, 29 May 2020

The New Zealand dollar rose on end-of-month book squaring and despite some trepidation about what US President Donald Trump will say about China in a planned announcement later today. The kiwi was trading at 62.06 US cents at 5pm in Wellington from 61.86 cents at the same time yesterday. If the currency holds near its current level, it will end the week more than a cent higher than its 60.96 cent close in New York last Friday. The trade-weighted index was at 69.79 from 69.83 yesterday. New Zealand's benchmark S&P/NZX 50 stock index has...

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