NZ dollar weakens on US criticism of China, Brexit ructions

NZ dollar weakens on US criticism of China, Brexit ructions
Jenny Ruth
The New Zealand dollar slumped on fears US criticism of China would hurt the chances of a US-China trade agreement and as the Brexit impasse appears to be leading to a general election in Britain. The kiwi was trading at 63.69 US cents at 5pm in Wellington from 63.82 cents at 8:10am. The trade-weighted index was at 70.49 points from 70.62. In a much-awaited speech, US Vice-President Mike Pence made a series of wide-ranging criticisms of China, from its predatory trade practices to jailing Muslim minorities and trying to stamp out corporat...

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