NZ dollar edges lower on worries about Australian coal exports being stopped in China

Fri, 22 Feb 2019

By Jenny Ruth Feb. 22 (BusinessDesk) - The New Zealand dollar fell, dragged down by the Australian dollar, amid concerns about what a ban on Australian coal imports through China's northern ports in Dalian might mean. Both currencies steadied after Australian Prime Minister Scott Morrison, who is visiting New Zealand, said the Chinese move doesn’t point to a souring of ties between Australia and China. The kiwi was trading at 67.74 US cents at 5 pm, from 68.02 at 7.45am. The trade-weighted index was at 73.44 from 73.76. The local cu...

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