NZ dollar jumps vs trans-Tasman counterpart as Trump threatens escalation in trade stoush

Tue, 19 Jun 2018

By Paul McBeth June 19 (BusinessDesk) - The New Zealand dollar jumped about a quarter of an Australian cent, extending recent gains against its trans-Tasman counterpart, as investors were spooked by US President Donald Trump escalating his trade war with China. The kiwi climbed as high as 93.68 Australian cents and recently traded at 93.52 cents, from 93.32 cents before reports Trump asked the US Trade Representative to identify US$200 billion of Chinese goods for additional tariffs, ratcheting up the tensions between the world's two bigg...

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