NZ dollar gains as investors await Trump's tariff announcement

Mon, 17 Sep 2018

By Paul McBeth Sept. 18 (BusinessDesk) - The New Zealand dollar rose as investors wait for US President Donald Trump to announce his next tranche of tariffs on Chinese imports after Wall Street closes. The kiwi increased to 65.78 US cents as at 8am in Wellington from 65.54 cents yesterday. The trade-weighted index edged up to 71.46 from 71.34 yesterday. Stocks on Wall Street fell ahead of Trump's announcement, which is expected to impose a 10 percent tariff on US$200 billion of Chinese imports. Tariffs of up to 25 percent had been th...

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