NZ dollar rises on Hong Kong, US-China trade developments

Thu, 05 Sep 2019

By Jenny Ruth Sept. 5 (BusinessDesk) - The New Zealand dollar rose after Hong Kong’s government formally killed the extradition bill that sparked massive protests since June. It received a further fillip when the US and China agreed to resume high-level trade talks. The kiwi was trading at 63.71 US cents at 5pm in Wellington from 63.59 at 8am. The trade-weighted index was at 70.96 points from 70.92. Hong Kong leader Carrie Lam has withdrawn the bill that would have allowed the transfer of fugitives to mainland China. “Initially, we...

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