NZ dollar rises, shrugging off US-China trade war woes

Mon, 11 Nov 2019

The New Zealand dollar rose, shaking off concerns that the US may not lift tariffs on Chinese imports as much as hoped and as the market jockeys for position ahead of the Reserve Bank's monetary policy statement on Wednesday. The kiwi was trading at 63.45 US cents at 5pm in Wellington from 63.19 cents at 8am while the trade-weighted index was at 70.06 points from 69.88. Mike Shirley, a dealer at Kiwibank, says the market traded a 30-point range through most of the day and gradually retraced its losses in New York on Friday when conflictin...

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