The New Zealand dollar rose against the Australian dollar as investors shrugged off better data across the Tasman and remained jittery about the potential impact of a global trade war. Concerns did ease slightly in Asian trading on signs the US is willing to negotiate.
The New Zealand dollar traded at 94.77 Australian cents from 94.68 Australian cents as at 8am and from 94.55 cents late yesterday. It traded at 72.92 US cents as at 5pm in Wellington from 73.04 US cents as at 8am and 72.84 cents late yesterday.
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Global markets have been volatile after tit-for-tat tariffs announced by China and the US and while some of those concerns eased after the US expressed a willingness to negotiate, the sentiment is still fragile.