Kiwi gets lift from Chinese March PMI data

Sun, 31 Mar 2019

By Rebecca Howard April 1 (BusinessDesk) - The New Zealand dollar was back above 68 cents early Monday after Chinese March official manufacturing data was better than expected. The kiwi was trading at 68.29 at 8am versus 68.02 US cents late Friday in New York. The trade-weighted index was at 74.07 points from 73.83. Chinese March official manufacturing PMI was 50.5 in March versus an expected 49.7. "Chinese data was slightly better," said Tim Kelleher, head of institutional foreign exchange sales at ASB Bank. "There is just a bit...

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