NZ dollar treads water in the wake of US-China trade deal

Mon, 16 Dec 2019

The New Zealand dollar was treading water as the dust settled from the US-China trade deal being agreed to and Britain's general election ensuring it will remain on the path to exit the European Union. The kiwi was trading at 65.97 US cents at 5pm in Wellington from 65.84 at 8am while the trade-weighted index was at 72.51 points from 72.54. "We're coming down from the high on Friday from the trade deal," said Mike Shirley, a dealer at Kiwibank. "Of course, nothing's actually been signed yet." The market was taking comfort from US trade...

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