NZ dollar hovers near 68 US cents as trade tensions persist

Wed, 21 Nov 2018

By Rebecca Howard Nov. 21 (BusinessDesk) - The New Zealand dollar hovered just below 68 US cents as ongoing trade tensions sour risk appetite. The kiwi traded at 67.96 US cents at 5pm in Wellington from 67.99 US cents at 8am and down from 68.51 cents yesterday. The trade-weighted index fell to 74.28 from 74.65. Markets are starting to anticipate an impact on global growth if the US-China trade tensions aren't resolved. According to CNBC's latest Global CFO Council survey, almost 75 percent of chief financial offers say US trade policy...

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