NZ dollar bounces off its lows after Trump's China trade scare

Mon, 06 May 2019

By Jenny Ruth May 6 (BusinessDesk) - The New Zealand dollar firmed after starting the day sharply weaker on US President Donald Trump’s threat to raise tariffs on Chinese goods just as the two nations were nearing a trade agreement. The kiwi was trading at 66.23 US cents at 5pm, up from 66.03 at 8am but down from 66.44 in New York on Friday. The trade-weighted index rose to 72.41 points from 72.12. “The trade deal with China continues, but too slowly, as they attempt to renegotiate. No!” Trump tweeted after threatening to raise tariffs...

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