NZ dollar falls as tit-for-tat tariffs from US, China unsettle markets, weigh on commodities

Sun, 17 Jun 2018

By Jonathan Underhill June 18 (BusinessDesk) - The New Zealand dollar fell as China responded to US tariffs by imposing its own trade levies on US$34 billion of US goods, unsettling markets and weighing on commodities. The kiwi dollar declined to 69.39 US cents as at 8:30am in Wellington from 69.48 cents in New York on Friday. The trade-weighted index was at 73.50 from 73.56. China responded to US tariffs on US$50 billion of Chinese goods by targeting farm commodities and cars from the US for tariffs of its own, and flagging a further...

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