NZ dollar little changed as market awaits US-China trade developments

Fri, 10 May 2019

By Jenny Ruth May 10 (BusinessDesk) - The New Zealand dollar was little changed as the market awaits further news on the US-China trade negotiations. That was despite new tariffs that President Donald Trump imposed on Chinese imports into the US kicking in late in the New Zealand day. The kiwi was trading at 65.87 US cents at 5pm in Wellington from 65.91 at 8am. The trade-weighted index was at 72.10 points from 72.15. The tariffs on about US$200 billion of Chinese goods will increase to 25 percent from 10 percent. “We’ve seen lim...

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