New Zealand dollar tracks sideways, markets awaiting data

Mon, 20 Jan 2020

The New Zealand dollar largely tracked sideways as markets remain cautious ahead of upcoming data both here and in Australia. The kiwi was trading at 66.20 US cents at 5pm in Wellington versus 66.13 late Friday in New York.The trade-weighted index was at 72.43 from 72.41. Currency markets "feel like they are still kind of in holiday mode. They haven't settled on any major themes for the year," said Mike Houlahan, senior manager at XE.com. He said the New Zealand market may well tread water ahead of the Reserve Bank of Australia decision...

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