NZ dollar slips below 69 US cts as trade war fears weigh on investor optimism

Mon, 25 Jun 2018

By Paul McBeth June 26 (BusinessDesk) - The New Zealand dollar slipped back below 69 US cents as fears of a trade war between the world's major powers sapped investor sentiment and weighed on risk-sensitive assets such as stocks. The kiwi decreased to 68.94 US cents as at 8am in Wellington from 69.01 cents yesterday. The trade-weighted index was at 73.32 from 73.36 yesterday. Stocks on Wall Street declined, with the Dow Jones Industrial Average down 1.3 percent, as investors were spooked by the European Union aligning with China in its...

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