NZ dollar drops below 69 US cents as Trump threatens further tariffs, commodity prices fall

Tue, 19 Jun 2018

By Jonathan Underhill June 20 (BusinessDesk) - The New Zealand dollar fell below 69 US cents after US president Donald Trump said he would target US$200 billion more Chinese products for tariffs and China threatened to retaliate, ramping up concerns about a trade war that could dent global growth. The kiwi dollar fell to 68.96 US cents as at 8am in Wellington, having sunk as low as 68.83 cents yesterday evening NZ time from 69.35 cents at 5pm. The trade-weighted index fell to 73.32 from 73.49. Trump said he would impose a 10 percent ta...

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