NZ dollar holds below 70 US cts as US, China trade tensions ease

Sun, 13 May 2018

By Paul McBeth May 14 (BusinessDesk) - The New Zealand dollar held below 70 US cents after US President Donald Trump told the Commerce Department to help Chinese telecommunications group ZTE, allaying concerns about heightened trade tensions between the world's two biggest economies. The kiwi traded at 69.63 US cents as at 8am in Wellington from 69.66 cents on Friday in New York, and 69.60 cents last week in Asia. The trade-weighted index was at 72.68 from 72.69 last week. Trump instructed the US Commerce Department to help ZTE after...

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