NZ dollar dips as China-US trade tensions cast pall over global markets

Sun, 09 Dec 2018

By Paul McBeth Dec. 10 (BusinessDesk) - The New Zealand dollar declined as attempts by the US to extradite a Huawei Technologies executive heightened concerns that the US-China trade tensions will slow the global economy. The kiwi traded at 68.49 US cents as at 8am in Wellington from 68.66 cents on Friday in New York, down from 68.83 cents in Asia last week. The trade-weighted index decreased to 74.78 from 74.92 last week. Stocks on Wall Street ended Friday weaker, with the Dow Jones Industrial Average falling 2.2 percent, as traders...

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