NZ dollar recovers as US trade deficit widens, China tariff decision looms

Wed, 05 Sep 2018

By Paul McBeth Sept. 6 (BusinessDesk) - The New Zealand dollar bounced from a two-and-a-half year low as investors await US President Donald Trump's decision on whether to impose stiffer tariffs on China, while data showed the US trade deficit widened. The kiwi rose to 65.97 US cents as at 8am in Wellington from 65.55 cents yesterday. The trade-weighted index advanced to 71.65 from 71.26 yesterday. The US dollar index fell 0.3 percent as fears over emerging markets subsided, putting the focus back on Trump's reported plans to impose...

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