NZ dollar falls as Trump reignites trade war jitters

NZ dollar falls as Trump reignites trade war jitters
Rebecca Howard
By Rebecca Howard Aug. 1 (BusinessDesk) - The New Zealand dollar fell against the greenback after speculation that US President Donald Trump plans to impose higher tariffs on China, reigniting fears of the global trade war. The kiwi traded at 67.91 US cents at 5pm in Wellington versus 68.15 cents at 8am and 68.28 cents yesterday. The trade-weighted index decreased to 73.07 from 73.33. The US dollar gained after reports Trump was planning a 25 percent tariff as opposed to 10 percent and that an announcement is pending. The news reversed...