NZ dollar eases as markets fret about US-China trade talks

Tue, 15 Oct 2019

The New Zealand dollar eased slightly on ongoing uncertainty around US-China trade talks. The kiwi was trading at 62.98 US cents at 8am in Wellington from 63.12 cents at 5pm yesterday. The trade-weighted index was at 69.96 from 70.03. Global risk appetite had ticked up on news that China and the US had reached a "partial deal." According to Reuters, however, the mood soured after China indicated further talks were needed and US Treasury Secretary Steven Mnuchin said the next round of tariffs on Chinese imports are on track to take effect...

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