MARKET OPEN: China-US tensions likely front and centre of investors' minds

Mon, 18 May 2020

China-US trade tensions may sideline domestic investors today after China said it would take “all necessary measures” to retaliate against US restrictions on Huawei Technologies. The New Zealand dollar was trading at 59.34 US cents at 8am in Wellington versus 59.94 cents at 5pm Friday. “The kiwi doesn’t fare well on anything that could be inferred as US-China negative,” said Kiwibank FX trader Mike Shirley. China is New Zealand’s leading trading partner and the US-China trade war – which preceded the turmoil caused by covid-19 – weighe...

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