NZ dollar dips as doubts over North Korean summit saps optimism for US-China tensions

Tue, 22 May 2018

By Paul McBeth May 23 (BusinessDesk) - The New Zealand dollar fell as doubts about whether US President Donald Trump will meet his North Korean counterpart Kim Jong-Un eroded earlier optimism over a thawing trade relationship between China and the US. The kiwi declined to 69.28 US cents as at 8am in Wellington from 69.43 cents yesterday, having climbed as high as 69.74 cents overnight. The trade-weighted index decreased to 72.58 from 72.79. Stocks on Wall Street fell, with the Dow Jones Industrial Average falling 0.7 percent, as opti...

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