NZ dollar rises on hopes for US-China trade talks, Vodafone deal

Tue, 14 May 2019

By Jenny Ruth May 14 (BusinessDesk) - The New Zealand dollar was a little stronger after US President Donald Trump said he expects his country’s trade negotiations will be successful. There was also speculation that the planned $3.4 billion purchase of Vodafone New Zealand by Infratil and Brookfield Asset Management may have led to the Canadian company setting up hedging for the transaction. The kiwi was trading at 65.83 US cents at 5:20pm in Wellington from 65.71 at 8am. The trade-weighted index was at 72.49 from 72.19. Mike Shirle...

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