NZ dollar remains near 5-month high on global trade optimism

Mon, 03 Dec 2018

By Rebecca Howard Dec. 3 (BusinessDesk) - The New Zealand dollar remained near a five-month high and may have further to run after the US-China trade truce eased investor fears of a slowdown in global growth. The kiwi traded at 69.10 US cents at 5pm in Wellington from 69.16 cents at 8am and 68.78 cents in New York on Friday. It last traded around these levels in June. The trade-weighted index advanced to 75.10 from 75.05 last week. Asian markets were cheered after US President Donald Trump and Chinese President Xi Jinping agreed to a...

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