Markets

NZ dollar rises ahead of official signing of US/China trade deal

Jenny Ruth
Mon, 13 Jan 2020

The New Zealand dollar was firmer ahead of the official signing in Washington on Wednesday of phase one of a United States/China trade deal. The kiwi was trading at 66.51 US cents at 5pm in Wellington from 66.31 in New York on Friday and 66.13 at 5pm locally. The trade-weighted index was at 72.74 points from 72.55. Mike Shirley, a dealer at Kiwibank, said the looming trade deal led to a stronger yuan fix and also boosted sentiment. The People's Bank of China fixed the yuan at 6.9263 per US dollar, and it was trading near at five month...

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