NZ dollar slips from 5-month high as Trump keeps tariff threat alive

Tue, 04 Dec 2018

By Paul McBeth Dec. 5 (BusinessDesk) - The New Zealand dollar fell from a five-month high as investors grew wary of the US-China agreement to cool trade tensions and US President Donald Trump kept the door open to more tariffs. The kiwi declined to 69.28 US cents as at 8am from 69.54 cents yesterday. The trade-weighted index was at 75.16 from 75.40 yesterday. Stocks on Wall Street fell, with the Dow Jones Industrial Average down 2.5 percent in afternoon trading, as a lack of detail about how China and the US will find common ground i...

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