Weak domestic, China data weigh on kiwi; US-China trade tensions loom

Mon, 03 Sep 2018

By Rebecca Howard Sept. 3 (BusinessDesk) - Weaker than expected terms of trade and a Chinese survey suggesting the Asian economy remained under pressure in August kept the kiwi capped against the greenback in local trading. The New Zealand dollar traded at 66.05 US cents at 5pm in Wellington from 66.15 cents at 8am and 66.18 cents on Friday in New York. The trade-weighted index was at 71.66 from 71.80. Waning risk appetite was already weighing on the kiwi as markets continue to fret over the escalation of the US-China trade war as US...

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