NZ dollar falls amid reports the White House is trying to soothe trade war with China

Tue, 31 Jul 2018

By Paul McBeth Aug. 1 (BusinessDesk) - The New Zealand dollar fell as investors weighed up reports the White House is trying to restart talks with China in an effort to quell heightening trade tensions with the world's second-biggest economy. The kiwi declined to 68.15 US cents as at 8am in Wellington from 68.28 cents yesterday. The trade-weighted index decreased to 73.22 from 73.33. Stocks on Wall Street gained after Bloomberg reported US Treasury Secretary Steven Mnuchin has started speaking with Chinese vice-premier Liu He in an at...

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