NZ dollar steady on positive China trade news

Mon, 23 Dec 2019

The New Zealand dollar was little changed with sentiment buoyed by China announcing it will cut import tariffs on a range of goods from Jan. 1. The kiwi was trading at 66.06 US cents at 5pm in Wellington after ending at 66.01 cents in New York on Friday. The trade-weighted index was at 72.71 points from 72.64. "There was some very mild kiwi upside on headlines that came out mid-afternoon from China," said Mike Shirley, a dealer at Kiwibank. Bloomberg reported that the tariffs will be cut on frozen pork, frozen avocados, non-frozen oran...

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