NZ dollar gains to 7-week high as Xi, Trump soothe trade dispute fears, risk appetite rises

Tue, 10 Apr 2018

By Jonathan Underhill April 11 (BusinessDesk) - The New Zealand dollar rose to the highest level in seven weeks as US President Donald Trump tweeted his thanks to Chinese President Xi Jinping for saying he was committed to an open economy and lower tariffs. The kiwi dollar rose to 73.68 US cents as at 8am in Wellington and earlier touched 73.75 cents, the highest since Feb. 22, from 73.30 cents late yesterday. The trade-weighted index rose to 75.48 - above the 75 average level the Reserve Bank has projected for the second quarter - from 7...

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