NZ dollar weakens on disappointing domestic trade data, US-China worries

Tue, 27 Nov 2018

By Rebecca Howard Nov. 27 (BusinessDesk) - The New Zealand dollar is slightly weaker against the greenback after disappointing domestic trade data and after US President Donald Trump dampened hopes of an early resolution to the US-China trade dispute. The kiwi was at 67.64 US cents at 5pm from 67.84 US cents at 8 am and late yesterday. The trade-weighted index was at 73.96 from 74.10. Risk appetite waned after Trump, days before a summit with China's leader, told the Wall Street Journal he expects to move ahead and increase tariffs on...

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