NZ dollar eases on US GDP; all eyes on Federal Reserve

Sun, 28 Jul 2019

By Rebecca Howard July 29 (BusinessDesk) - The New Zealand dollar weakened slightly after data showed the US economy slowed less than expected in the second quarter but the main focus is on the Federal Reserve ahead of its rate decision this week. The kiwi was trading at 66.30 US cents at 7:55 am in Wellington from 66.33 cents late Friday in New York and 66.53 cents late Friday in Wellington. The trade-weighted index was at 72.93 from 72.94. US GDP increased at an annual rate of 2.1 percent in the second quarter, down from 3.1 percent...

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