NZ dollar rises on stronger China trade data

Thu, 14 Feb 2019

By Jenny Ruth Feb. 14 (BusinessDesk) - The New Zealand dollar rose on stronger than expected trade data from China and positive news on its trade dispute with the United States. The kiwi was trading at 68.30 US cents at 5pm from 68.09 at 8am. The trade-weighted index rose to 74.16 points from 73.97. Tim Kelleher, head of institutional foreign exchange sales at ASB Bank, said the trade figures from China, New Zealand's biggest trading partner, were “way stronger than expected.” They showed dollar-denominated imports fell 1.5 percent...

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