NZ heading for 0.2% weekly gain as risk appetite improves

Fri, 17 Aug 2018

By Rebecca Howard Aug. 17 (BusinessDesk) - The New Zealand dollar is headed for a 0.2 percent weekly gain against the greenback, benefiting from an uptick in risk appetite, but demand remains capped by the possibility of a domestic rate cut should growth fail to fire. The kiwi traded at 65.91 US cents at 5pm versus 65.85 cents at 8am in Wellington and 65.83 cents yesterday. It traded at 65.79 last Friday in New York. The trade-weighted index was at 71.69 from 71.65. Markets were more upbeat after China and the United States agreed t...

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