NZ dollar range-bound as traders overlook Ardern's bid to woo business

Tue, 28 Aug 2018

By Rebecca Howard Aug. 28 (BusinessDesk) - The New Zealand dollar traded in a tight range as investors largely overlooked a speech by Prime Minister Jacinda Ardern aimed at stoking flagging business confidence ahead of the latest survey on Thursday. The kiwi traded at 66.81 US cents at 5pm in Wellington from 67 cents at 8am and 66.87 cents late yesterday. The trade-weighted index was at 72.08 versus 72.20. Global risk appetite got a lift when the US and Mexico reached a trade agreement that will replace a soon-to-be-terminated North...

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