NZD under pressure against Aussie as investors cheered by easing of trade jitters

Thu, 13 Dec 2018

By Rebecca Howard Dec. 13 (BusinessDesk) - The New Zealand dollar is under pressure against the Australian dollar as signs of progress in the US-China trade dispute benefit the Aussie more than the kiwi, given Australia's greater exposure to China. The kiwi traded at 94.84 Australian cents at 5pm in Wellington from 94.87 Australian cents at 8am and from 95.42 cents yesterday. It touched a high of 95.84 on Monday. The New Zealand dollar was at 68.56 US cents from 68.90 late yesterday. Sentiment was buoyed overnight after Reuters report...

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