NZD weaker on China-US trade jitters; focus on RBA, RBNZ

Mon, 06 May 2019

By Rebecca Howard May 7 (BusinessDesk) - The New Zealand dollar weakened amid jitters over the US-China trade negotiations and ahead of monetary policy decisions in Australia and at home. The kiwi was trading at 66.08 US cents at 8am, down from 66.23 at 5pm yesterday. The trade-weighted index fell to 72.17 from 72.41. The US dollar rose as the renewed trade tensions between the US and China spooked markets. Reports that a delegation from China will proceed with trade negotiations in the US this week helped steady sentiment. Accord...

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