NZ dollar weighed on by escalating trade tensions as China retaliates

Mon, 13 May 2019

By Rebecca Howard May 14 (BusinessDesk) - The New Zealand dollar continued to be weighed on by escalating global trade tensions, with China now saying it will raise tariffs on some US goods from June 1. The kiwi was trading at 65.71 US cents at 8am in Wellington from 65.76 US cents late yesterday. The trade-weighted index was at 72.19 from 72.13. Market jitters were stoked when China announced it would impose higher tariffs on a range of US goods in the wake of Washington’s decision last week to hike tariffs on US$200 billion of Chine...

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