Thursday , February 25 2021

The New York Dollar is around 68 US cents, as trade tensions remain




The New Zealand Dollar ranges around 68 US cents as trade volumes
insist

From Rebecca Howard

November 21 (BusinessDesk) – The
The New Zealand dollar was just under 68 US cents as a continuous
commercial tensions sour appetite risk.

Kiwi is trading at
67.96 cents US at 5 pm in Wellington from 67.99 cents in US
8am and below 68.51 cents yesterday. Trade-weighted
the index fell to 74.28 from 74.65.

Markets start to
predict the impact on global growth if trade between the US and China
tensions have not been resolved. According to the latest CNBC Global
CFO Research Council, nearly 75 percent of the head of financial
offers say US trade policy will have a negative impact
their activities over the next six months. European and
Asian CFOs were the most interested, CNBC said.

Chairman
Donald Trump and China's President Xi Jinping are going to sit down
during a high-level meeting at the G-20 summit in 2007
Argentina at the end of the month. Hopes, however, disappeared
during the weekend, when leaders from both countries were exchanged
barbs.

In a move that added tension, his office
the United States spokesman said "China
has virtually not changed its actions, policies and
practices related to technology transfer, intellectual
ownership and innovation, which it seems to have taken
further unreasonable actions in recent months "
comments on an update released Tuesday in the US.

Against
this setting, Mike Shirley, senior merchant, FX & Interest
Rate sales at KiwiBank, said kiwi is "just running
water and waiting for the next great thing
domestic guides means "we're going to keep going
which are pushed around events that happen offshore and do not exist
lack of them, "he said.

The kiwi negotiated at 93.94
Australian cents from 94.03 cents yesterday and fell
4.7198 Chinese yuan from 4.7564 yuan. It fell to 76.60
yen from 77.10 yen and traded at 53.12 British pence from
53.27 pence. Kiwi was almost unchanged at 59.73 euros
cents of 59.80 cents.

New Zealand's two-year swap rate
declined 1 basis point to 2.14%. ten-year swap agreements were
1 base unit at 3.00
percent.

(BusinessDesk)

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