NZ dollar takes breather; investors eye US-China trade developments

Mon, 12 Aug 2019

By Jenny Ruth Aug. 12 (BusinessDesk) - The New Zealand dollar was little changed as the market absorbed the after-shocks from last week’s big rate cut from the Reserve Bank and as investors await further developments in the US-China trade war. The kiwi was trading at 64.69 US cents at 5:05pm in Wellington from 64.65 at 7:50am. The trade-weighted index was at 71.88 points from 71.86. The currency briefly spiked down as low as 64.37 US cents in the middle of the day after reports that Treasury had said it wasn’t keen on the Reserve Bank...

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