NZ dollar rises on hopes China's economy has stabilised

Fri, 17 Jan 2020

The New Zealand dollar rose after slightly better than expected Chinese data boosted hopes that the United States-China phase one trade deal signed earlier this week will mean the trade war will cease battering that economy. The kiwi was trading at 66.42 US cents at 5pm in Wellington from 66.30 at the same time yesterday and compared with 66.31 in New York last Friday. The trade-weighted index was at 72.66 points from 72.51. China's fourth quarter GDP rose 6 percent from the same quarter a year earlier, as expected, but annual retail sale...

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