NZ dollar weakens on China trade risk, Australia growth worry

Thu, 24 Jan 2019

By Gavin Evans Jan. 25 (BusinessDesk) - The New Zealand dollar weakened against its US counterpart as officials there tried to cool expectations for the China-US trade talks next week and investors saw added risk from the housing slowdown in Australia. The kiwi fell to 67.58 US cents at 8:30am, from 67.86 cents late yesterday, but rose to 95.36 Australian cents from 95.26 cents. The trade-weighted index eased to 73.50 from 73.62. The local dollar was lifted through 68 US cents yesterday by better than expected December employment data...

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