NZ dollar falls below 68 US cts as markets respond to US-China trade standoff

Wed, 11 Jul 2018

By Jonathan Underhill July 12 (BusinessDesk) - The New Zealand dollar fell below 68 US cents on heightened trade tensions between the US and China, which weighed on commodity-related currencies. The kiwi dropped to 67.63 US cents as at 8am in Wellington from 68.09 cents late yesterday. The trade-weighted index was at 72.46 from 72.79 yesterday. China called the US announcement of tariffs on an extra US$200 billion of Chinese goods as "totally unacceptable" and vowed to retaliate, although it doesn't buy enough from the US to match it d...

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