NZ dollar hovers below 63 US cents on trade war jitters

Sun, 01 Sep 2019

By Rebecca Howard Sept. 2 (BusinessDesk) - The New Zealand dollar hovered just below 63 US cents after the US and China imposed previously announced additional tariffs on Sunday, adding to fears a resolution is not on the immediate horizon. The kiwi was trading at 62.93 US cents at 7:55 am in Wellington versus 63.06 US cents late Friday in New York. It touched a low of 62.81 cents overnight Friday, the lowest since September 2015. The trade-weighted index was at 70.44 versus 70.54 Friday. The US imposed a 15 percent tariff on US$110 b...

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