NZ dollar falls in catch-up to Aussie on Trump China Trade tweet

Fri, 02 Aug 2019

By Jenny Ruth Aug. 2 (BusinessDesk) - The New Zealand dollar fell, particularly against the Australian dollar, in the wake of US President Donald Trump tweeting plans to impose more tariffs on US$300 billion of Chinese goods next month. Both the Australian and New Zealand dollars fell immediately in response to the tweet escalating the US trade war with China but the Australian dollar was hit hardest to begin with overnight local time. The New Zealand dollar has since caught up, says Mitchell McIntyre, a dealer at XE. The kiwi was trad...

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