NZ dollar falls as US-China trade tensions dominate, US inflation data looms

Thu, 12 Jul 2018

By Jonathan Underhill July 12 (BusinessDesk) - The New Zealand dollar fell amid expectations China will retaliate for the latest tariffs the US has announced on Chinese imports, which has weighed on prices of commodities and commodity-linked currencies. The kiwi fell to 67.60 US cents as at 5pm in Wellington and earlier touched 67.46 cents, the lowest in more than a week, from 68.09 cents late yesterday. The trade-weighted index declined to 72.45 from 72.79 yesterday. The New Zealand and Australian dollars have fallen in the wake of re...

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