NZ dollar heading for 0.4% weekly decline after swinging more than 1 US cent on trade tensions

Fri, 13 Jul 2018

By Jonathan Underhill July 13 (BusinessDesk) - The New Zealand dollar is heading for a 0.4 percent weekly decline having lurched more than 1 US cent during the week in response to the US announcement that it plans to impose tariffs on a further US$200 billion of Chinese imports. The kiwi traded at 67.75 US cents as at 5pm in Wellington from 67.60 cents late yesterday and down from 68 cents a week ago. The trade-weighted index edged up to 72.56 from 72.45 yesterday, still down from 72.76 this time last week. The US pronouncements saw a...

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