NZ dollar headed for 1.1% weekly gain against US on trade optimism, dovish Fed

Fri, 01 Feb 2019

By Rebecca Howard Feb. 1 (BusinessDesk) - The New Zealand dollar is headed for a 1.1 percent weekly gain after the US Federal Reserve was cautious about future rate increases and markets were increasingly optimistic about the prospect of a US-China trade deal. The kiwi traded at 69.09 US cents at 5pm in Wellington versus 69.04 US cents at 8am in Wellington and 69.15 cents yesterday. It traded at 68.37 last Friday in New York. The trade-weighted index was at 74.39 from 74.24. Markets were upbeat that the US and China will be able to...

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