NZ dollar rises on optimism for China-US trade deal

Mon, 18 Feb 2019

By Jenny Ruth Feb. 18 (BusinessDesk) - The New Zealand dollar rose against all other currencies amid growing optimism the United States and China will settle their trade differences. The kiwi was trading at 68.83 US cents at 5pm in Wellington from 68.58 at 8am. The trade-weighted index was at 74.59 from 74.43. “The risk-positive sentiment from Friday night extended into the Asian session today,” says Imre Speizer, market strategist at Westpac. In the early part of the day, the currency moved little and the rally didn’t get underway...

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