NZ dollar remains on backfoot as trade war keeps heating up

Wed, 12 Sep 2018

By Rebecca Howard Sept. 12 (BusinessDesk) - A weaker yuan fix, jitters about US-China trade tensions and lingering concerns about emerging markets combined to keep the New Zealand dollar on the backfoot in Asian trading. The kiwi traded at 65.10 US cents at 5pm versus 65.15 cents at 8am in Wellington and 65.26 cents yesterday. The trade-weighted index was at 71.04 from 71.13 yesterday. The People’s Bank of China today fixed the midpoint of the yuan's trading range at 6.8546 per US dollar, compared with 6.8488 yesterday, according to Do...

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