NZ dollar gains as China's Li makes soothes trade fears; GDP awaits

Wed, 19 Sep 2018

By Paul McBeth Sept. 20 (BusinessDesk) - The New Zealand dollar rose above 66 US cents on optimism China won't devalue its currency in a trade war with the US. The kiwi increased to 66.15 US cents as at 8am in Wellington from 65.94 cents yesterday. It gained to 4.5283 Chinese yuan from 5.170 yuan. Stocks on Wall Street and commodity prices gained as fears over the US-China trade war eased after Chinese Premier Li Keqiang told the World Economic Forum in China that a one-way devaluation of the yuan posed more harm than good for Asia's...

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