The kiwi rose as high as 65.89 US cents. Photo by Lynn Grieveson

Paul McBeth

Paul McBeth is BusinessDesk's chief reporter and has reported on New Zealand financial markets, the economy and business since 2008.

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NZ dollar gains

The New Zealand dollar's gains were capped overnight as US President Donald Trump talked down reports he was seeking to settle a trade dispute with China and said the Asian nation remained "under pressure" to reach a deal. 

The kiwi rose as high as 65.89 US cents, trading at 65.69 cents at 8am in Wellington from 65.53 cents yesterday. The trade-weighted index edged up to 71.29 from 71.18 yesterday. 

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