NZ dollar gains as conciliatory President Xi soothes investor nerves

Tue, 10 Apr 2018

By Rebecca Howard April 10 (BusinessDesk) - The New Zealand dollar rose after Chinese President Xi Jinping soothed investor jitters over a possible trade war between China and the US. The kiwi gained to 73.30 US cents as at 5pm from 73.05 cents as at 8am in Wellington and 72.93 cents late yesterday. The trade-weighted index was at 75.24 from 75.04 yesterday. Market sentiment had already improved overnight after US officials including Treasury Secretary Steven Mnuchin played down the threat of a trade war. It then got a significant boos...

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