NZ dollar down on US-China trade war worries

Thu, 14 Mar 2019

By Rebecca Howard March 15 (BusinessDesk) - The New Zealand dollar fell on news that the US and China likely won't be inking a deal to end their trade war this month. The kiwi traded at 68.16 US cents at 8am in Wellington from 68.40 US cents at 5pm. The trade-weighted index was at 74.03 from 74.22. Markets were jittery after Bloomberg reported that a meeting between President Donald Trump and President Xi Jinping is more likely to happen in April at the earliest. "Risk sentiment took a hit," said ANZ Bank FX.Rates strategist Sandeep...

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