NZ dollar rises from two-year low ahead of US holiday, after yuan comments

Tue, 03 Jul 2018

By Jonathan Underhill July 4 (BusinessDesk) - The New Zealand dollar rose from its lowest levels in more than two years ahead of the July 4 Independence Day Holiday in the US, amid ongoing trade squabbles between the US and China and comments from China that it aims for stability in the yuan. The kiwi dollar rose to 67.56 US cents as at 8:30am in Wellington from 66.96 cents late yesterday. The local dollar traded at 4.4845 yuan from 4.4873 yuan yesterday while the trade-weighted index climbed to 72.26 from 71.96. China has imposed a ba...

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