NZ dollar rises on US-China trade deal hopes, poor Australian data

Mon, 04 Nov 2019

The New Zealand dollar rose on increasing optimism the US and China will soon sign a preliminary trade deal and after poor Australian retail sales data weakened its trans-Tasman counterpart. The kiwi was trading at 64.56 US cents at 5pm in Wellington from 64.44 cents at 7:50am. It was at 93.28 Australian cents from 93.12 cents, while the trade-weighted index was at 70.98 points from 70.91. The Australian data showed September-quarter retail sales fell 0.1 percent in inflation-adjusted terms when the market had been expecting a 0.2 percent...

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