NZ dollar weakens as USD boosted by China trade talks progress

Tue, 08 Jan 2019

By Gavin Evans Jan. 9 (BusinessDesk) - The New Zealand dollar weakened against the US dollar amid signs of progress at US-China trade talks in Beijing. The kiwi was trading at 67.22 US cents at 8:30am compared with 67.44 cents late yesterday. The trade-weighted index fell to 73.03 from 73.31. “I think the markets are getting a bit more optimistic about those trade talks,” said Mark Johnson, private client manager at OMF. Gains on equity markets overnight also reflected that “risk appetite has stayed positive” this week, he said....

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