Soaring tariffs have investors concerned New Zealand’s kiwi may near 2020 low

News Snapshot:

(Bloomberg) — Mounting concerns over a global trade war and surging risk-off sentiment have some investors concerned the New Zealand dollar will test its Covid-era low by year-end. Most Read from Bloomberg The kiwi may weaken to 55 cents from its current level of around 56 cents by the end of June, according to Australia & New Zealand Banking Group Ltd., while Commonwealth Bank of Australia sees it hitting that level sometime this year. Forecasters at Standard Chartered Plc see it dropping below its March 2020 low of 54.70 cents by December. President Donald Trump’s tariff blitz announced last week...