Markets

NZ dollar down on US-China trade jitters

Rebecca Howard
Sun, 25 Aug 2019

By Rebecca HowardAug. 26 (BusinessDesk) - The New Zealand dollar fell on renewed concerns about US-China trade tensions as both sides announced further tariffs. The kiwi was trading at 63.77 US cents at 7:50am in Wellington from 64.02 late Friday in New York. The trade-weighted index was at 71.02 points from 71.27.US President Donald Trump said Friday he will raise existing duties on US$250 billion in Chinese products to 30 percent from 25 percent on Oct. 1. Tariffs on another US$300 billion in Chinese goods, which start to take effect on...

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