NZ dollar little changed as market digests Trump's trade plans, US trade gap reaches 9-year high

Wed, 07 Mar 2018

By Jonathan Underhill March 8 (BusinessDesk) - The New Zealand dollar was little changed as US President Donald Trump tweeted that he's asked China to reduce its trade imbalance with America and figures showed the US trade deficit at its highest since October 2008. The kiwi traded at 72.78 US cents as at 8:30am in Wellington from 72.88 cents late yesterday. The trade-weighted index was at 74.70 from 74.77. In a week where Trump's trade ambitions remained in focus, his economic adviser Gary Cohn quit, having opposed the president's plan...

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