NZ dollar falls as trade stoush fears remain elevated; business confidence, RBNZ loom

Tue, 26 Jun 2018

By Paul McBeth June 27 (BusinessDesk) - The New Zealand dollar fell as US President Donald Trump hit back at European criticism of his trade protectionism, firmly keeping the global stoush at top of mind for investors. The kiwi declined to 68.50 US cents as at 8am in Wellington from 68.92 cents yesterday, while the trade-weighted index decreased to 73.07 from 73.30. Investors remain fixated on the tit-for-tat trade rhetoric by global leaders, with the greenback, commodity prices and US equities all gaining. Trump rebuked American motor...

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