NZ dollar gains on optimism Canada may join US, Mexico trade talks

Tue, 28 Aug 2018

By Paul McBeth Aug. 29 (BusinessDesk) - The New Zealand dollar gained as investors hope a North American Free Trade Agreement can be concluded successfully with Canada in the tent. The kiwi rose to 67.09 US cents as at 8am in Wellington from 66.81 cents. The trade-weighted index increased to 72.28 from 72.08. Investors were buoyed yesterday when the US and Mexico reached an agreement to replace Nafta, allaying concerns over the threat growing trade protectionism poses to global growth. That got another boost from Canadian foreign min...

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