NZ dollar rises on mild improvement in sentiment

Tue, 20 Aug 2019

By Jenny Ruth Aug. 20 (BusinessDesk) - The New Zealand dollar rose as investors decided to look on the bright side in the absence of hard news on the US-China trade war and what central banks will do next. The kiwi was trading at 64.22 US cents at 5pm in Wellington from 64.04 cents at 8am. The trade-weighted index was at 71.52 points from 71.32. “There’s a slight improvement in sentiment and a hope that the China-US trade talks aren’t damned to eternity,” says Peter Cavanaugh, the senior client advisor at Bancorp Treasury Services....

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