NZ dollar gains as efforts to cool trade war weigh on greenback

Wed, 25 Jul 2018

By Paul McBeth July 26 (BusinessDesk) - The New Zealand dollar gained as attempts to soothe growing trade between the US and Europe allayed concerns about the spreading trade war, weighing on the greenback and bolstering investors' appetite for riskier assets. The kiwi rose to 68.34 US cents as at 8.15am in Wellington from 67.90 cents yesterday. The trade-weighted index was 73.20 from 73.04 yesterday. The US dollar index, a measure of the greenback against a basket of currencies, fell 0.4 percent as investors were buoyed by efforts t...

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