NZ dollar sees off global headwinds, holds above 65 US cents

Wed, 04 Dec 2019

The New Zealand dollar managed to consolidate its recent gains and to stay above 65.10 US cents despite a barrage of negative news. This included sub-par GDP across the Tasman, the latest tariff threats from US President Donald Trump and another threat from China to retaliate if the US passes legislation supporting its Uighur population. The kiwi was trading at 65.14 US cents at 5pm in Wellington from 65.15 cents at 8am and the trade-weighted index was at 72.13 points from 72.07. Trump, in London for NATO's 70th anniversary ceremonies,...

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