NZ dollar falls on strong US housing data, reduced impeachment fears

Wed, 25 Sep 2019

By Gavin Evans Sept. 26 (BusinessDesk) - The New Zealand dollar fell after impeachment fears in the US eased and markets there bounced on stronger than expected house sales data and more optimistic talk on the China-US trade stoush. The kiwi was trading at 62.75 US cents at 8am in Wellington from 63.22 cents at 5pm. The trade-weighted index was at 70.06 from 70.44. US markets were boosted by Commerce Department data showing new home sales increased by 7.1 percent in August, about twice the median expectation from a Reuters poll of econ...

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