NZ dollar weaker as greenback comes back into favour

Mon, 10 Jun 2019

By Rebecca Howard June 11 (BusinessDesk) - The New Zealand dollar weakened, driven by demand for the greenback as markets grow more positive about a possible US-China trade deal. The kiwi was trading at 66.12 cents at 7:50am in Wellington from 66.30 US cents at 5pm. The trade-weighted index was at 72.60 from 72.81. President Donald Trump told CNBC that additional tariffs on Chinese goods will be levied if President Xi Jinping does not attend this month’s G-20 meeting, which is scheduled for June 28-29 in Osaka, Japan. However, he also...

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