NZ dollar weaker as US-China tensions mount

Wed, 29 May 2019

By Rebecca Howard May 30 (BusinessDesk) - The New Zealand dollar weakened on ongoing concerns that US-China trade tensions will cool global growth and as investors fret that China could use its rare earth resources as leverage in the dispute. The kiwi was trading at 65.11 US cents at 7:50am in Wellington from 65.42 at 5pm. The trade-weighted index was at 71.90 points from 72.18.. Markets were jittery after China signaled it could restrict the export of rare earth minerals to the US. Rare earths are used in production in a huge number o...

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