NZ dollar retreats from overnight highs as Trump tariffs stoke trade-war fears

Thu, 01 Mar 2018

By Jonathan Underhill March 2 (BusinessDesk) - The New Zealand dollar has gained from its levels late yesterday but has retreated from its overnight highs after US President Donald Trump announced tariffs on imported steel and aluminium stoking concern he may trigger a trade war that slows global growth. The kiwi dollar traded at 72.23 US cents, and rose as high as 72.52 cents overnight, from 72.04 cents late yesterday. The trade-weighted index rose to 74.66 from 74.39. Trump said he will impose a 25 percent tariff on imports of steel...

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