NZ dollar jumps after Trump signals progress on China trade

Thu, 01 Nov 2018

By Rebecca Howard Nov. 2 (BusinessDesk) - The New Zealand dollar was sharply higher against the US dollar after President Donald Trump signaled progress on its trade dispute with China. The kiwi traded at 66.57 US cents at 8am in Wellington versus 65.74 US cents yesterday. The trade-weighted index was at 72.73 from 72.07. "Just had a long and very good conversation with President Xi Jinping of China. We talked about many subjects, with a heavy emphasis on trade. Those discussions are moving along nicely with meetings being scheduled at...

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