NZ dollar weaker as reduced Mexico tensions lift greenback

Mon, 10 Jun 2019

By Jenny Ruth June 10 (BusinessDesk) - The New Zealand dollar was weaker as the greenback strengthened in relief that US President Donald Trump has indefinitely postponed tariffs on Mexican imports. The kiwi was trading at 66.30 US cents at 5pm in Wellington, from 66.61 at 7:55am and 66.16 at 5pm on Friday. The trade-weighted index eased to 72.81 points from 72.96. Weaker than expected jobs number in the US had briefly depressed the greenback until the news about Mexico broke. Trump had threatened to impose a 5 percent tariff from t...

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