NZ dollar near 2 1/2-year low as US wages creep higher, Trump poised to impose new tariffs

Sun, 09 Sep 2018

By Paul McBeth Sept. 10 (BusinessDesk) - The New Zealand dollar held near a two-and-a-half year low as unexpectedly strong US wage growth spurred demand for the greenback and President Donald Trump's Chinese tariff plans kept investors uneasy. The kiwi traded at 65.30 US cents as at 8am in Wellington from 65.33 cents on Friday in New York and down from 65.71 cents in Asia last week. The trade-weighted index was at 71.21 from 71.23 last week. The US dollar index followed US Treasury yields higher after non-farm payrolls data showed av...

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