NZ dollar holds gains against greenback as markets fret about global trade

Thu, 24 May 2018

By Rebecca Howard May 24 (BusinessDesk) - The New Zealand dollar held its gains against the greenback in Asian trading as US dollar sentiment was dented by ongoing jitters over global trade. The kiwi dollar traded at 69.25 US cents as at 5pm in Wellington from 69.20 cents at 8am and up from 69.09 cents late yesterday. The trade-weighted index rose to 72.68 from 72.48. According to Reuters, the US administration has launched a national security investigation into car and truck imports that could lead to new tariffs. Japan, China and So...

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