NZ dollar falls on China geopolitical, trade worries

Tue, 12 May 2020

The New Zealand dollar lost the best part of a US cent today before recovering a little after Deputy Prime Minister and Foreign Minister Winston Peters stirred up China by saying he supports Taiwan's inclusion in the World Health Organisation. The spat comes as Australia and China are feuding over the former's support for an inquiry into China's role in spreading covid-19. The dispute has spilled over into trade, with China suspending Australian meat imports and accusing Australia of dumping barley. The kiwi was trading at 60.75 US cents...

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