NZ dollar moving higher as markets buoyed by US-China trade truce

Mon, 03 Dec 2018

By Rebecca Howard Dec. 4 (BusinessDesk) - The New Zealand dollar was trading higher as markets continued to be cheered by the truce in the US-China trade skirmish. The kiwi traded at 69.25 US cents at 8am in Wellington from 69.10 cents at 5pm yesterday. The trade-weighted index was at 75.21 from 75.10. Washington and Beijing agreed to a 90-day trade ceasefire at the G20 summit in Argentina on Saturday, giving risk appetite a lift after months of concern about a possible slowdown in global growth. Treasury Secretary Steve Mnuchin said...

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