Kiwi dollar firms on weak US retail data, capped by rate-cut expectations

Thu, 17 Oct 2019

The kiwi got a slight lift from weaker US data but remains capped by expectations of a November rate cut. The kiwi was trading at 62.86 US cents at 7:50 am in Wellington from 62.70 cents at 5 pm. The trade-weighted index was at 69.86 from 69.81. The kiwi got a slightly lift when US retail sales fell 0.3 percent in September, the first fall in seven months. The slide raised fears that the slowdown in the US manufacturing sector could be impacting consumers and added to the view the US Federal Reserve may keep cutting interest rates. ...

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