NZ dollar falls as US, China trade talks drag on

Thu, 23 Aug 2018

By Paul McBeth Aug. 24 (BusinessDesk) - The New Zealand dollar fell as US and Chinese officials tried to find common ground in a protracted trade dispute that threatens to slow the global economy. The kiwi dropped to 66.34 US cents as at 8am in Wellington from 66.68 cents yesterday. The trade-weighted index declined to 72.06 from 72.26. China and the US implemented US$16 billion of tariffs on each other's goods, bringing two-way tariffs to US$100 billion in what's been a tit-for-tat dispute since US President Donald Trump took over t...

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