NZ dollar gains as risk sentiment improves on hopes US, China can avert trade war

Mon, 26 Mar 2018

By Jonathan Underhill March 27 (BusinessDesk) - The New Zealand dollar rose to its highest level against the greenback in almost two weeks after both the US and China said they would negotiate to head off a trade war sparked by threats of tariff hikes. The kiwi rose to 72.96 US cents as at 8am in Wellington from 72.73 cents late yesterday and the trade-weighted index was at 74.68 from 74.64 yesterday. White House trade advisor Peter Navarro said the US is "already at the negotiating table" over trade terms with China while Chinese prem...

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