NZ dollar extends gains, aided by US-China trade doubts

By Gavin Evans | Thu, 14 Nov 2019


The New Zealand dollar extended its gains overnight, with weaker prospects for an early US-China trade deal building on gains from the Reserve Bank’s surprise decision yesterday to hold interest rates. The kiwi rose to 64.06 US cents at 8am from 63.90 cents yesterday. The trade-weighted index rose to 70.88 from 70.67.  The New Zealand dollar initially jumped to 64.17 cents after yesterday afternoon’s RBNZ announcement, from 63.34 cents beforehand. It hovered around 64 cents overnight, assisted by a lack of progress in US-China trade ta...