NZ dollar rises on improved China trade sentiment

Tue, 24 Dec 2019

The New Zealand dollar rose heading into Christmas as it continued to be buoyed by the imminent signing of a preliminary trade deal between the US and China. The kiwi was trading at 66.32 US cents at 1pm in Wellington compared with 66.06 cents at 5pm yesterday; the trade-weighted index rose to 72.95 points from 72.71. The New Zealand dollar earlier reached 66.38 cents, its highest level since July. A combination of US President Donald Trump tweeting that the trade deal will be signed "very soon" and China's announcement yesterday that it...

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