NZ dollar holds above US69c as Trump upbeat on trade talks

Thu, 31 Jan 2019

By Paul McBeth Feb. 1 (BusinessDesk) - The New Zealand dollar held above 69 US cents as US President Donald Trump's optimism on the prospects for reaching a trade deal with China helped soothe fears over global growth. The kiwi traded at 69.04 US cents as at 8am in Wellington from 69.15 cents yesterday. The trade-weighted index was at 74.19 from 74.24. Trump tweeted that trade negotiations between US and Chinese officials are going well, although no deal will be reached until he meets with Chinese President Xi Jinping. Tensions betwe...

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