New Zealand dollar gains as greenback weighed on by weak data, rate cut talk

New Zealand dollar gains as greenback weighed on by weak data, rate cut talk
Rebecca Howard
By Rebecca Howard June 4 (BusinessDesk) - The New Zealand dollar gained after weak US manufacturing data and talk of a possible US rate cut weighed on the greenback. The kiwi was trading at 65.98 US cents at 7:45am versus 65.34 late yesterday in New York after a holiday weekend in New Zealand. It was at 65.10 US cents late Friday in Wellington. The trade-weighted index was at 72.40 from 72.21 late yesterday in New York.  The US dollar took a tumble after the Institute for Supply Management said its US manufacturing purchasing managers...

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