NZ dollar lifts against yen; buoyed by improved US data

Thu, 29 Aug 2019

By Rebecca Howard Aug. 30 (BusinessDesk) - The New Zealand dollar gained against the Japanese yen and held around a four-year low against the greenback as investor concerns about a slowing US economy eased. The kiwi was trading at 67.24 yen at 7:50 am in Wellington from 66.79 yen at 5pm. It was at 63.12 US cents from 63.05 cents and the trade-weighted index was at 70.55 from 70.53. Risk appetite got a lift from signs of strong consumer spending in the US helping shore up the economy. Real gross domestic product increased at an annua...

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