NZ dollar sags after avalanche of data and central bank action

Fri, 20 Sep 2019

By Jenny Ruth Sept. 20 (BusinessDesk) - The New Zealand dollar was little changed but with a decidedly soft tone after a busy week for global central banks, data from China, Australia and New Zealand, and ahead of a local rate decision next week. The kiwi was trading at 62.95 US cents at 5pm in Wellington, off the day's low at 62.83 cents and from 63 cents at 8am. The trade-weighted index was at 69.92 from 70.06. The currency has lost more 1 percent this week after closing in New York last Friday at 63.75 cents. "I would be hard-pushed...

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