NZ dollar falls as Trump's stiffer China tariffs spook investors

Fri, 06 Apr 2018

By Rebecca Howard April 6 (BusinessDesk) - The New Zealand dollar dropped after US President Donald Trump called for US$100 billion of additional tariffs on Chinese goods, ratcheting up concerns about a global trade war and triggering a spike in risk aversion among investors. The kiwi fell to 72.59 US cents as at 12.18pm in Wellington from 72.70 cents immediately before the announcement. Tensions have been high, stoking increased volatility in financial markets as investors react to every piece of news. Overnight, comments from White...

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