NZ dollar gains as truce in US, China trade war boosts commodity-linked currencies

Mon, 21 May 2018

By Paul McBeth May 22 (BusinessDesk) - The New Zealand dollar rose back above 69 US cents as a truce in the trade war between US and China spurred on demand for commodity-linked currencies. The kiwi gained to 69.41 US cents as at 8am in Wellington from 68.97 cents yesterday. The trade-weighted index advanced to 72.79 from 72.50. The Thomson Reuters CRB index of 19 commonly traded commodities rose 1 percent and Brent Crude oil gained 1.2 percent to US$79.44 a barrel as investors remained upbeat about the successful trade talks between...

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