NZ dollar heads for 0.1% weekly fall with jittery markets over weaker yuan

Fri, 20 Jul 2018

By Rebecca Howard July 20 (BusinessDesk) - The New Zealand dollar is heading for a 0.1 percent weekly fall against the greenback as China allowed the yuan to fall further, adding to jitters that the US-China trade skirmish could weigh on Chinese growth. The kiwi traded at 67.54 US cents as at 5pm in Wellington versus 67.45 cents as at 8.30am and 67.82 cents yesterday. It traded at 67.63 US cents in New York last Friday. The kiwi rose to 4.5829 Chinese yuan from 4.5693 yuan yesterday. The People's Bank of China set the dollar's referen...

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