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compass pointing north

Kiwi buoyed by US-China Trade optimism

20 February, 2019

The New Zealand dollar advanced through trade on Tuesday, buoyed by optimism surrounding US/China trade talks and sell off in USD safe haven holdings. The Kiwi jumped through 0.6850 to touch intraday highs at 0.6886, a 70 point advance on the day and a recovery of the losses suffered through the back end of trade on Monday. Risk appetite helped fuel demand for risk correlated currencies on Tuesday as optimism surrounding trade Talks....

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Today's expected ranges:

NZD / AUD
0.9505 – 0.9690 ▼
GBP / NZD
1.8680 – 1.9120 ▲
NZD / USD
0.6780 – 0.6930 ▲

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