NZ dollar near 2-week low as Trump takes hard-line stance on trade

Sun, 02 Sep 2018

By Paul McBeth Sept. 3 (BusinessDesk) - The New Zealand dollar traded near a two-week low as US President Donald Trump reverted to his hard-line stance on trade as North American Free Trade Agreement talks and a review into Chinese tariffs come to a close. The kiwi traded at 66.15 US cents as at 8am in Wellington from 66.18 cents on Friday in New York, down from 66.47 cents in Asia last week. The trade-weighted index was at 71.78 from 71.80. The US dollar index gained 0.4 percent as Trump stuck to an aggressive line on trade, accusin...

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