NZ dollar stalled; US-China trade deal may be postponed

By Jenny Ruth | Thu, 21 Nov 2019


The New Zealand dollar was treading water after a report that the US and China won't be signing their phase-one trade deal this year after all. The kiwi was trading at 64.08 US cents at 5pm in Wellington from 64.10 at 8:20am. The trade-weighted index was at 70.94 from 70.96. Reuters cited trade experts and those close to US President Donald Trump as saying signing the deal could be pushed into 2020 as China seeks more extensive tariff rollbacks. That's with another round of US tariffs on Chinese imports set to take effect from Dec. 15....