NZD weakens after Trump steps up pressure on China

Sun, 05 May 2019

By Rebecca Howard May 6 (BusinessDesk) - The New Zealand dollar weakened after US President Donald Trump stepped up the pressure on China and as investors await rate decisions here and in Australia. The kiwi was trading at 66.03 US cents at 8am versus 66.44 US cents late Friday in New York. The trade-weighted index was at 72.12 from 72.42. Markets are expected to be volatile today after Trump tweeted he will markedly increase US tariffs on certain Chinese goods at the end of this week. "The trade deal with China continues, but too slo...

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