NZ dollar eases as tensions between US and China rise

Tue, 14 Jul 2020

The New Zealand dollar was weaker after the United States formally rejected most of China's claims in the South China Sea. The kiwi was trading at 65.38 US cents at 5pm in Wellington from 65.72 cents at the same time yesterday while the trade-weighted index was at 72.11 from 72.36. In the latest escalation of tensions between Washington and Beijing, US Secretary of State Mike Pompeo asserted that "Beijing's claims to offshore resources across most of the South China Sea are completely unlawful, as is its campaign of bullying to control th...

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