NZ dollar surges as trade war fears recede, more economies reopen

Fri, 08 May 2020

The New Zealand dollar surged a US cent as worries receded that US President Donald Trump was about to reignite trade wars with China and as more countries reopened their economies after covid-19 lockdowns. The kiwi was trading at 61.18 US cents at 5pm in Wellington from 60.15 cents at the same time yesterday and looks like ending the week well above last Friday's close in New York at 60.64 cents. The trade-weighted index was at 68.99 from 68.24 yesterday. Chinese news agency Xinhua has reported that top trade negotiators from the US and...

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