NZ dollar heads for 0.8% weekly fall on China-US trade concerns, US jobs data in focus

Fri, 03 Aug 2018

By Rebecca Howard Aug. 3 (BusinessDesk) - The New Zealand dollar is heading for a 0.8 percent weekly fall against the greenback as heightened global trade concerns weigh on the prospects for domestic exports, and ahead of US jobs data. The kiwi traded at 67.32 US cents as at 5pm in Wellington versus 67.40 cents at 8am, down 67.75 cents yesterday. It traded at 67.87 cents last Friday in New York. The trade-weighted index declined to 72.73 from 72.98 yesterday. Markets remained on edge after China’s Ministry of Commerce said it was rea...

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