NZ dollar struggling to gain traction as greenback gets lift

Tue, 05 Nov 2019

The New Zealand dollar was weaker after the greenback got a lift from improving global risk sentiment and ahead of the monetary policy decision in Australia. The kiwi was trading at 64.01 US cents at 8am in Wellington versus 64.56 cents at 5pm yesterday. It was at 92.92 Australian cents from 93.28 Australian cents. The US dollar benefited as markets were cheered by positive trade headlines. Among other things, investors were buoyed after US Commerce Secretary Wilbur Ross said licenses for United States companies to sell components to Chin...

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