NZ dollar falls as escalating trade war weighs on risk appetite

Thu, 02 Aug 2018

By Rebecca Howard Aug. 2 (BusinessDesk) - The New Zealand dollar was weaker against the greenback in jittery markets after the US stepped up pressure on China in the latest round of the global trade spat between the two nations. The kiwi traded at 67.75 US cents as at 5pm in Wellington versus 67.86 cents at 8am, down from 67.91 cents yesterday. The trade-weighted index was at 72.98 from 73.07. The New Zealand dollar was weighed down when the US administration increased pressure on China by proposing a higher 25 percent tariff on US$200...

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