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The New Zealand dollar dropped to near four-year lows against its U.S. counterpart after data showed the indicator slumped to -52.3 in August.
It was the weakest level since April 2008. The pair fell 0.4% to 0.6309 by 12:20 AM ET (04:20 GMT) following the report, lowest level since September 2015.
The Aussie dollar was also hit by the weak data. The pair slipped 0.1% to 0.6728.
Meanwhile, the U.S. dollar index was little changed at 98.132.
In an interview with Bloomberg, U.S. Treasury Secretary Steven Mnuchin said the U.S. does not intend to intervene in currency markets for now.
"Situations could change in the future but right now we are not contemplating an intervention,”
Chinese negotiators will visit Washington for trade talks, but he declined to confirm whether a previously planned meeting in September would still take place.the governor of the People’s Bank of China, over what the U.S. has deemed manipulation of the yuan.
“We’ve had conversations with the IMF and directly with our counterparts in China, including the governor of the PBOC,” Mnuchin said. “We will have a separate dialog and discussion on currency as part of the trade discussion but separate from the trade discussion.”
An escalation in the trade tensions between the world’s two largest economies has roiled financial markets in recent days after both sides threatened to slap tariffs on each other's goods worth billions of dollars.
Separately, U.S. President Donald Trump continued to criticize the Federal Reserve for not being able to “keep up with the competition,” as he reiterated his stance that the central bank should lower rates.
The safe-haven yen rose today as stock markets traded mostly in the red. The pair was down 0.2% to 105.91.
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