NZ dollar maintains gains on China-US talks, local rate outlook

By Gavin Evans | Mon, 18 Nov 2019


The New Zealand dollar consolidated Friday’s gains amid signs of progress toward an interim trade deal between the US and China and increasing confidence that the Reserve Bank is unlikely to cut interest rates again soon. The kiwi was trading at 64.02 US cents at 8 am from 63.99 cents in New York on Friday and 63.87 cents in Wellington last week. The trade-weighted index was at 70.75 from 70.64. China’s Vice Premier Liu He, who is leading that country’s trade talks with the US, had “constructive discussions” in a phone conversation with U...