NZ dollar little changed amid heightened global trade tensions

Fri, 31 May 2019

By Jenny Ruth May 31 (BusinessDesk) - The New Zealand dollar was little changed as traders grappled with increasing global uncertainty, exacerbated by United States President Donald Trump slapping – via tweet – a 5 percent tariff on all Mexican goods entering the US. The kiwi was trading at 65.10 US cents at 5:05pm in Wellington from 65.06 at 8:10am. The trade-weighted index rose to 71.84 points from 71.80. Trump’s tweet said that the tariff on Mexican imports would rise each month to reach 25 percent in October “until the illegal immi...

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