NZ dollar falls as thaw in US-China trade stoush bolsters greenback

Thu, 05 Apr 2018

By Paul McBeth April 6 (BusinessDesk) - The New Zealand dollar fell as a perceived thaw in the US-China trade relations stand-off stoked demand for the greenback and renewed investors' appetite for risk-sensitive assets, pushing stocks on Wall Street higher. The kiwi declined to 72.68 US cents at 8am in Wellington from 73.04 cents yesterday. The trade-weighted index slipped to 74.84 from 74.97. The Dollar Index, a measure of the greenback against a basket of currencies, gained 0.4 percent after White House trade adviser Peter Navarro...

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