NZ dollar eases as US-China trade war, Brexit saga drag on

Thu, 23 May 2019

By Jenny Ruth May 23 (BusinessDesk) - The New Zealand dollar was slightly weaker as indications of softness in the domestic economy added to worries about the United States-China trade war and the ongoing Brexit saga. The kiwi was trading at 64.88 US cents at 5pm in Wellington from 64.94 at 8am. The trade-weighted index eased to 71.75 points from 71.77. “We’re just drifting off day by day. This China stoush is ongoing and there’s a bit of risk-off in equities markets,” says Tim Kelleher, the head of institutional foreign exchange sales...

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