NZ dollar headed for 0.8% weekly gain as fears of trade war ease

Fri, 14 Sep 2018

By Rebecca Howard Sept. 14 (BusinessDesk) - The New Zealand dollar is headed for a 0.8 percent weekly gain after markets were cheered by news that the US and China may return to the negotiating table. The kiwi traded at 65.85 US cents at 5pm in Wellington versus 65.69 cents at 8am in Wellington and 65.53 cents yesterday. It was at 65.33 last Friday in New York. The trade-weighted index was at 71.42 versus 71.18 late yesterday. Markets were cheered by news that US Treasury Secretary Steven Mnuchin invited his Chinese counterparts back...

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