NZ dollar stalled; US-China trade signals remain mixed

By Gavin Evans | Fri, 22 Nov 2019


The New Zealand dollar remained capped by conflicting signals on the prospects for progress in the long-running trade talks between the US and China. The kiwi was trading at 64.02 US cents at 8am from 64.08 cents at 5pm. The trade-weighted index was at 70.87 from 70.94. The New Zealand dollar has been trading in tight range near 64 cents most of the week, buoyed by signs of improvement in the local manufacturing and services sector last week, and another lift in dairy prices this week. But further gains have been capped by the lack of...