NZ dollar rises against Aussie as China-US trade strife escalates

Thu, 09 May 2019

By Jenny Ruth May 9 (BusinessDesk) - The New Zealand dollar rose against the Australian dollar after US President Donald Trump accused China of breaking the trade deal the two countries are still negotiating. Trump is threatening to raise tariffs on Chinese imports on Friday. The kiwi was trading at 94.25 Australian cents at 5pm in Wellington from 94.02 at 7.45am. It was trading 65.72 US cents from 65.73, while the trade-weighted index was at 71.98 points from 71.87. “The Australian dollar has moved down more against the US dollar,”...

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