NZ dollar may gain as US, China trade talks bolster investor confidence

Sun, 19 Aug 2018

By Paul McBeth Aug. 20 (BusinessDesk) - The New Zealand dollar may extend gains as the prospect of US and China returning to the negotiating table soothed investors who were unsure whether a full-blown trade war would erupt. The kiwi traded at 66.32 US cents as at 8am in Wellington from 66.36 cents on Friday in New York, and up from 65.91 cents in Asia last week. The trade-weighted index was at 71.95 from 71.97 last week. The local currency sank to a two-and-a-half year low earlier this month as uncertainty over trade relations betwe...

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