NZ dollar falls as US-China trade war drags on

Tue, 03 Sep 2019

By Jenny Ruth Sept. 3 (BusinessDesk) - The New Zealand dollar fell on the combined weight of the ongoing trade war between China and the US and the local Reserve Bank’s dovishness. The kiwi was trading at 62.83 US cents at 5pm in Wellington, off the day’s low at 62.67 cents but down from 63.09 at 7:50am. The trade-weighted index was at 70.52 from 70.69. When the Tokyo market opened, traders started selling kiwi ”and that’s been the pattern lately,” says Imre Speizer, currency strategist at Westpac. “It’s not based on any new news” b...

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