NZ dollar starts week on backfoot on fears Trump will impose new China tariffs

Sun, 16 Sep 2018

By Paul McBeth Sept. 17 (BusinessDesk) - The New Zealand dollar started the week on the backfoot after reports that US President Donald Trump will proceed with tougher trade barriers on Chinese products bolstered demand for the greenback. The kiwi traded at 65.50 US cents at 8am in Wellington, from 65.46 cents on Friday in New York and down from 65.85 cents last week in Asia. The trade-weighted index was at 71.31 from 71.24 last week. The US dollar index gained 0.5 percent after US media reported on Friday that Trump will go ahead wi...

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