NZ dollar stalled, awaiting further US-China trade developments

By Jenny Ruth | Fri, 29 Nov 2019


The New Zealand dollar remained mired in the same narrow range it has been stuck in for the past fortnight, although with a slight bias to the upside. That's because global markets continue to await definitive news on whether China will retaliate after US President Donald Trump signed a bill supporting protesters in Hong Kong. The kiwi was trading at 64.23 US cents at 5pm in Wellington from 64.14 cents at 8am and 64.22 cents at 5pm yesterday. The trade-weighted index was at 71.22 from 71.15. China's response to the new US law has been...