NZ dollar falls

The kiwi fell after the US unveiled a list of US$200 billion ($293b) of Chinese imports facing a new 10 per cent tariff prompting China to say it will be forced to retaliate. The kiwi traded at US68.09c from US68.45c. The trade-weighted index was at 72.79 from 72.85. The kiwi dollar traded at 75.60 yen. It rose to 4.5367 yuan and to 91.85 Australian cents It traded at 51.35 British pence and 58.05 euro cents. New Zealand’s two-year swap rate fell 2.5 basis points to 2.165 per cent and 10-year swaps slipped to 3.02 per cent.