NZ dollar sticks to tight range; markets await trade war developments

Mon, 17 Sep 2018

By Rebecca Howard Sept. 17 (BusinessDesk) - Ongoing China-US trade tensions kept the New Zealand dollar capped, with investors jittery about potential domestic economic impacts given China is the Pacific nation's largest trading partner. The kiwi traded at 65.54 US cents at 5pm from 65.50 US cents at 8am in Wellington and 65.46 cents on Friday in New York. The trade-weighted index was at 71.34 from 71.24 last week. President Donald Trump is likely to announce new tariffs on about US$200 billion of Chinese imports as early as Monday,...

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