NZ dollar stagnates amid US and British holidays

Tue, 28 May 2019

By Jenny Ruth May 28 (BusinessDesk) - The New Zealand dollar was little changed with the major United States and British markets closed for holidays and after US President Donald Trump made positive noises about reaching a trade agreement with Japan. The kiwi was trading at 65.51 US cents at 5pm in Wellington from 65.41 at 7.55am and the trade-weighted index edged up to 72.07 points from 72.07. “The New Zealand dollar has been stuck in the doldrums,” says Peter Cavanaugh, the senior client advisor at Bancorp Treasury Services. “The...

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