NZ dollar holds gains on trade optimism; local business confidence in focus

Wed, 29 Aug 2018

By Rebecca Howard Aug. 29 (BusinessDesk) - The New Zealand dollar held its gains against the greenback as Canada headed back to the bargaining table with the US and Mexico, however, upcoming US and domestic data could knock it off its perch. The kiwi traded at 67.10 US cents at 5pm in Wellington versus 67.09 cents at 8am, up from 66.81 cents late yesterday. The trade-weighted index increased to 72.30 from 72.08. The local currency benefited from improving risk appetite after the US and Mexico agreed to new trade terms and Canada heade...

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