NZ dollar pares gains as Cohn's exit triggers trade war fears

Wed, 07 Mar 2018

Rebecca Howard March 7 (BusinessDesk) - The New Zealand dollar pared earlier gains against the greenback after the resignation of US President Donald Trump's economic advisor Gary Cohn stoked renewed fears of a possible trade war. The kiwi traded at 72.58 US cents as at 5pm in Wellington versus 72.94 cents as at 8am and 72.35 cents late yesterday. The kiwi rose to a week-high overnight on news that North Korea is willing to hold talks with the US over its nuclear weapons programme but pared most of those gains on the Cohn news. The trade...

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