NZ dollar eases as market eyes pending GDP data

Wed, 18 Sep 2019

By Jenny Ruth Sept. 18 (BusinessDesk) - The New Zealand dollar was a little weaker as the market took bets that June-quarter GDP data out tomorrow will be on the weaker side of expectations. The kiwi was trading at 63.36 US cents at 5pm in Wellington from 63.56 at 7:55am. The trade-weighted index was at 70.34 points from 70.50. Economists are forecasting the economy grew at a pace between a 0.3 and 0.6 percent in the quarter, compared with the Reserve Bank's 0.5 percent forecast. At the median prediction of 0.4 percent growth in the...

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