NZ dollar gains on improving US-EU trade relations

Thu, 26 Jul 2018

By Rebecca Howard July 26 (BusinessDesk) - The New Zealand dollar held overnight gains against the greenback, buoyed by news the US and European Union agreed to work toward zero tariffs, easing fears of a global trade war. The kiwi traded at 68.37 US cents as at 5pm in Wellington versus 68.34 cents at 8.15am, and up from 67.90 cents yesterday. The trade-weighted index was 73.27 from 73.04 yesterday. In a joint statement, following EU President Jean-Claude Juncker's visit to the White House, he and US President Donald Trump said they ha...

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