NZ dollar sticks to tight range; awaits US-China developments

Tue, 14 May 2019

By Rebecca Howard May 15 (BusinessDesk) - The New Zealand dollar is a tad weaker but largely range-bound as markets await further US-China trade developments. The kiwi was trading at 65.72 US cents at 8am in Wellington from 65.83 at 5:20pm. The trade-weighted index was at 72.22 from 72.49. Sentiment improved after US President Donald Trump referred to the escalating trade war with China as “a little squabble,” adding that there is a "good dialogue going.” "It was risk-on night overnight," said Westpac Bank head of NZ market strategy...

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