NZ dollar headed for 1.5% weekly gain on improved global outlook

Fri, 11 Jan 2019

By Gavin Evans Jan. 11 (BusinessDesk) - The New Zealand dollar is headed for a 1.5 percent weekly gain after soothing comments from the Federal Reserve and signs of progress in US-China trade talks reduced fears of sharply slowing global growth. The kiwi was trading at 68.06 US cents at 5pm, from 67.87 cents late yesterday and 67.02 cents this time a week ago. The trade-weighted index was at 73.46 from 73.29. BNZ, which is picking the kiwi dollar to end 2019 at 70 US cents, said slower global growth this year is to be expected, but tha...

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