NZ dollar falls as trade stoush rattles emerging markets, commodity currencies

Mon, 18 Jun 2018

By Jonathan Underhill June 18 (BusinessDesk) - The New Zealand dollar fell as the US versus China trade stoush weighed on currencies of emerging markets and commodity-exporting nations. The US dollar index is trading near its highest levels in almost 12 months. The kiwi dollar declined to 69.38 US cents as at 5pm in Wellington from 69.48 cents in New York on Friday. The trade-weighted index was at 73.47 from 73.56. The US dollar has strengthened in the face of escalating trade tensions and has also been buoyed by rising US interest rat...

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