NZ dollar slips as US-China trade tensions persist

Mon, 19 Nov 2018

By Paul McBeth Nov. 20 (BusinessDesk) - The New Zealand dollar snapped a four-day rally as trade tensions between the US and China at the APEC meeting raised concerns that the dispute may spill over into slower global growth. The kiwi declined to 68.34 US cents as at 8am in Wellington from 68.52 cents yesterday. The trade-weighted index fell to 74.45 from 74.67. Stocks on Wall Street fell, with the Dow Jones Industrial Average down 1.9 percent in late trading, after APEC leaders failed to agree to a communique over the weekend. The t...

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