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NZD/USD drops on renewed trade concerns and risk-off tone in stocks.
The Kiwi trades near the 5-day average support, having printed a high of 0.6126 early Friday.
The New Zealand dollar is on the offer on Friday with renewed fears of a trade war weighing over the risk sentiment.
The NZD/USD pair is currently trading at 0.6096, representing a 0.5% decline on the day, having tested the 5-average average of 0.6090 a few minutes before press time.
The bird starting losing altitude after President Trump expressed displeasure over China's handling of the coronavirus situation and said he could use tariffs to respond to the world's second-largest economy. "China's a very sophisticated country and they could have contained it. They were either unable to or they chose not to. And the world is suffering greatly," said Trump


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