NZ dollar falls after China's trade surplus with US balloons

Mon, 14 Jan 2019

By Jenny Ruth Jan. 14 (BusinessDesk) - The New Zealand dollar drifted downwards after data showed China’s trade surplus with the US widened to its highest level in more than a decade, news that is likely to exacerbate tensions between the two nations. The kiwi fell to 68.07 US cents at 5pm in Wellington from 68.20 at 8.30am. The trade-weighted index eased to 73.54 points from 73.70. “The data is showing that the problem with the US trade situation isn’t getting any better,” says Peter Cavanaugh, senior client advisor at Bancorp Treasur...

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