NZ dollar hits 2-week low as China says it will respond to tougher US tariffs

Thu, 02 Aug 2018

By Paul McBeth Aug. 3 (BusinessDesk) - The New Zealand dollar fell to a two-week low as global trade tensions escalated with Chinese authorities saying they were prepared to respond to harsher US tariffs. The kiwi dropped as low as 67.37 US cents, trading at 67.40 cents as at 8am in Wellington from 67.75 cents yesterday. The trade-weighted index declined to 72.77 from 72.98 yesterday. China's Ministry of Commerce said the world's most populous nation was "fully prepared" to retaliate to protect its people after US President Donald Tr...

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