NZ dollar treads water as G7 leaders' summit ends in disarray

Sun, 10 Jun 2018

By Paul McBeth June 11 (BusinessDesk) - The New Zealand dollar started the week on the backfoot after a war of words between US President Donald Trump and his G7 allies saw the leaders' summit end in disarray, and put investors on the defensive. The kiwi traded at 70.29 US cents as at 8am in Wellington from 70.31 cents at the New York close last week and 70.25 cents in late Asia trading. The trade-weighted index was at 73.66 from 73.65 last week. Trump retracted his endorsement of the G7 communique in response to Canada's opposition to...

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