Markets

NZ dollar stalls awaiting details of China response to US

Jenny Ruth
Wed, 15 Jul 2020

The New Zealand dollar was little changed as the market awaited China's response to the United States rejecting most of its claims in the South China Sea and after more hype about potential coronavirus vaccines. The kiwi was trading at 65.49 at 5pm in Wellington from 65.38 cents at the same time yesterday while the trade-weighted index was at 72.07 from 72.11. "The market's waiting to see what sort of retaliation China takes against the US," said Tim Kelleher, head of foreign exchange sales at Commonwealth Bank of Australia. China has...

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