NZ dollar gains as China rejects currency manipulation claims

Tue, 21 Aug 2018

By Paul McBeth Aug. 22 (BusinessDesk) - The New Zealand dollar gained as Chinese authorities rejected assertions from US President Donald Trump that the world's most populous nation was manipulating its currency. The kiwi rose to 66.89 US cents as at 8am in Wellington from 66.66 cents yesterday. The trade-weighted index advanced to 72.20 from 71.97 yesterday. The US dollar index fell 0.7 percent as traders latched on to Trump's comments in an interview with Reuters accusing China of manipulating the yuan, which has depreciated 5.3 pe...

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