NZ dollar steady on positive China trade news

NZ dollar steady on positive China trade news
Jenny Ruth
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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