NZ dollar eases amid trade war jitters

Fri, 01 Nov 2019

The New Zealand dollar eased slightly as markets turned their attention back to US-China trade tensions. The kiwi was trading at 64.10 US cents at 8am in Wellington from 64.27 cents at 5pm in Wellington. The trade-weighted index was at 70.63 versus 70.74. “US-China trade war woes are once again creeping back into global market sentiment,” said ANZ FX/rates strategist Sandeep Parekh. While both sides appear to be on track to signing an interim agreement – despite the cancellation of the APEC meeting in Chile – “Chinese officials have re...

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