NZ dollar gains against Aussie after Trump announces more tariffs on China

Thu, 01 Aug 2019

By Rebecca Howard Aug. 2 (BusinessDesk) - The New Zealand dollar gained against its Australian counterpart after US President Donald Trump tweeted plans to impose more tariffs on China. The kiwi was trading at 96.41 Australian cents at 8am in Wellington from 95.72 at 5pm yesterday. It was at 65.50 US cents versus 65.57 cents and the trade-weighted index was at 72.49 points from 72.43 points. US-China trade talks wrapped up without “fanfare” with the two sides slated to meet again in September, Kiwibank trader Mike Shirley said. Howe...

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