NZ dollar sheds gains to be little changed as US stocks drop, trade-war fears grow

Sun, 25 Mar 2018

By Jonathan Underhill March 26 (BusinessDesk) - The New Zealand dollar was little changed, having shed its gains in New York on Friday as US stocks dropped and fears of a trade war grew. The kiwi traded at 72.29 US cents as at 8:30am in Wellington from 72.33 US cents in late trading in New York on Friday, where it earlier reached as high as 72.73 cents. The trade-weighted index was at 74.29 versus 74.33 in New York. China announced on Friday that it would impose tariffs on US$3 billion of US exports, its first firm move in retaliation...

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