NZ dollar edges lower as Trump's tariff threat saps risk appetite, Fed sticks to plan

Wed, 01 Aug 2018

By Paul McBeth Aug. 2 (BusinessDesk) - The New Zealand dollar edged lower as speculation US President Donald Trump will impose even bigger tariffs on Chinese imports sapped investors' appetite for riskier assets, while the Federal Reserve retained its fairly upbeat economic outlook. The kiwi traded at 67.86 US cents as at 8am in Wellington from 67.91 cents yesterday. The trade-weighted index was at 73.02 from 73.07. Stocks on Wall Street fell, carrying on the downbeat tone set when reports emerged that the White House was considering...

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