NZ dollar falls as China retaliates over US tariffs, yen rises on safe-haven appeal

Mon, 02 Apr 2018

By Jonathan Underhill April 3 (BusinessDesk) - The New Zealand dollar fell after China retaliated over US tariffs, sapping risk appetite and driving up demand for so-called safe-haven currencies such as the yen. The kiwi dollar traded at 72.17 US cents as at 8am in Wellington from 72.34 cents late yesterday. The trade-weighted index was at 74.16 from 74.19. China said it would impose tariffs of up to 25 percent on a list of 128 products imported from the US in response to US President Donald Trump's tariffs on imports of steel and alum...

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