NZ dollar rises to 3-week high as President Xi speech awaited, trade war fears abate

Mon, 09 Apr 2018

By Jonathan Underhill April 10 (BusinessDesk) - The New Zealand dollar rose, touching a three-week high overnight, as fears of a trade war between the US and China dissipated and as investors await a speech from Chinese president Xi Jinping that may include references to the standoff with the US. The kiwi traded at 73.05 US cents as at 8am in Wellington, and rose as high as 73.23 cents, from 72.93 cents late yesterday. The trade-weighted index was at 75.09 from 75.04. China has come into focus ahead of Xi's speech and after Bloomberg r...

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