Kiwi drifts down

The New Zealand Herald - - Business -

The New Zealand dol­lar drifted down­ward after data showed China’s trade sur­plus with the US widened to its high­est level in more than a decade, news likely to ex­ac­er­bate ten­sions be­tween the two na­tions. The kiwi fell to 68.07 US cents at 5pm in Welling­ton from 68.20 at 8.30am. The trade-weighted in­dex eased to 73.54 points from 73.70. China’s trade sur­plus with the US grew 17 per cent in 2018, with ex­ports to the US ris­ing 11.3 per cent in the year while im­ports rose just 0.7 per cent.

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