NZ dollar remains steady as trade war fears ease

Tue, 27 Mar 2018

By Rebecca Howard March 27 (BusinessDesk) - The New Zealand dollar dipped slightly but continued to hover around a 2-week high against the greenback as Asian markets were cheered by hopes that a global trade war might be averted. The kiwi traded at 72.88 US cents at 5pm in Wellington from 72.96 US cents at 8am and 72.73 cents late yesterday. The trade-weighted index was at 74.53 from 74.64 yesterday. Markets were cheered after reports Chinese and U.S. officials were busy negotiating behind the scenes to avert an all-out trade war. "The...

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