NZ dollar weaker on US-China trade jitters

Wed, 11 Dec 2019

The New Zealand dollar weakened after mixed signals of the US-China trade front. The kiwi was trading at 65.39 US cents at 8am in Wellington from 65.64 cents last night while the trade-weighted index was at 72.25 points from 72.53. Markets were cheered by reports that US and China trade officials were negotiating to delay the upcoming Dec.15 US tariffs on Chinese goods. However, the mood turned sour when Lawrence Kudlow, the director of the White House National Economic Council, told the Wall Street Journal CEO council meeting that if the...

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