NZ dollar weakens on US criticism of China, Brexit ructions

Fri, 25 Oct 2019

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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