NZ dollar under pressure as franc, yen find favour amid US-China trade tensions

Thu, 06 Dec 2018

By Paul McBeth Dec. 7 (BusinessDesk) - The New Zealand dollar remained under pressure as heightened concerns over US-China relations encouraged investors to buy 'safe haven' currencies such as the yen and Swiss franc. The kiwi traded at 68.71 US cents as at 8am in Wellington from 68.62 cents yesterday. The trade-weighted index was at 74.91 from 74.87 yesterday. The yen and Swiss franc outperformed other currencies after the arrest of Huawei Technologies' chief financial officer Wanzhou Meng in Canada for extradition to the United Sta...

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