NZ dollar gains as US, China trade tensions cool after successful negotiations

Sun, 20 May 2018

By Paul McBeth May 21 (BusinessDesk) - The New Zealand dollar gained as fears over a trade war between the US and China cooled after the world's two-biggest economies made headway in negotiations to avert tit-for-tat trade barriers. The kiwi rose to 69.26 US cents as at 8am in Wellington from 69.10 cents on Friday in New York and 68.84 cents in Asia last week. The trade-weighted index increased to 72.68 from 72.58. US Treasury Secretary Steve Mnuchin told Fox news the trade war is on hold and the US won't impose harsh tariffs on Chin...

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