NZ dollar fails to break above 66 US cts as US-China trade tensions appear to ease

Thu, 16 Aug 2018

By Paul McBeth Aug. 17 (BusinessDesk) - The New Zealand dollar failed to break above 66 US cents as fears over trade tensions between China and the US were allayed by the prospect of talks later this month. The kiwi rose as high as 66.09 cents overnight, but was trading at 65.85 cents as at 8am in Wellington from 65.83 cents yesterday. The trade-weighted index was unchanged at 71.65. Commodity prices and stocks on Wall Street rallied as investors took heart from yesterday's news China will send Vice Commerce Minister Wang Shouwen to...

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