NZ dollar weaker as focus switches to US-China trade tensions

Tue, 11 Jun 2019

By Jenny Ruth June 11 (BusinessDesk) - The New Zealand dollar was weaker as the greenback gained on Mexican products escaping US tariffs and investor attention turned towards developments in the US trade war with China. The kiwi was trading at 65.94 US cents at 5pm in Wellington from 66.12 at 7:50am while the trade-weighted index eased to 72.39 points from 72.60. “It’s just been a continuation of US dollar strength,” says Mike Shirley, a dealer at Kiwibank. “We’re still in an environment of the Fed cutting rates sooner rather than late...

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