The New Zealand dollar may extend gains as the prospect of US and China returning to the negotiating table soothed investors who were unsure whether a full-blown trade war would erupt.
he New Zealand dollar failed to break above 66 US cents as fears over trade tensions between China and the US were allayed by the prospect of talks later this month.
The New Zealand dollar gained against the greenback as markets were cheered by news a Chinese delegation will travel to the United States for talks later this month.
The New Zealand dollar held near a two-and-a-half year low as global investors remained nervous about risk-sensitive assets after Turkey's recent woes put the spotlight back on emerging markets.
The New Zealand dollar fell as fears over Turkey's financial woes eased after the nation's finance minister said his government will protect its currency which has been in freefall for the past week.
A war of words has erupted between National and the Government over the falling value of the Kiwi dollar, Thomas Coughlan reports.
The New Zealand dollar held near a two-and-a-half year low as investors remained nervous about Turkey's financial crisis, which has weighed on other emerging markets but has yet to spread to Europe's banking system.
The New Zealand dollar dropped below 66 US cents for the first time in more than two years as Turkey's economic woes saw the Turkish lira sink by almost a quarter, sending ripples through broader financial markets.
The New Zealand dollar dropped near a two-and-a-half year low as Reserve Bank governor Adrian Orr pushed out a projected rate hike for another year, putting sluggish growth ahead of emerging inflation.
The New Zealand dollar tumbled 1.2 percent against its trading partners and interest rate swaps fell after the Kiwi central bank said rates would stay at record lows for up to a year longer than previously indicated.