NZ dollar hovers below 65 US cents; trade tensions weigh on sentiment

Wed, 22 May 2019

By Rebecca Howard May 23 (BusinessDesk) - The New Zealand dollar remained below 65 US cents as simmering China-US trade tensions continue to weigh on sentiment. The kiwi was trading at 64.94 US cents at 8am in Wellington from 64.97 at 5pm yesterday. The trade-weighted index was at 71.77 points from 71.81. Ongoing trade tensions have heightened concerns about global growth and sentiment soured further overnight on media reports that the US administration is considering Huawei-like sanctions on Chinese video surveillance firm Hikvision....

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