NZ dollar's rise tempered by China tensions, US unemployment concerns

Thu, 21 May 2020

The New Zealand dollar rose but was off its highs as concerns about worsening US-China relations and rising US job losses took the gloss off the reopening of the economy there. The kiwi was trading at 61.21 US cents at 5pm in Wellington, down from the high at 61.59 cents in the wee hours of our morning and from 61.03 at the same time yesterday. The trade-weighted index was at 69.05 from 68.90. US President Donald Trump again lashed out at China in a flurry of tweets, in which he also attacked the opposition Democratic Party and state gove...

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