NZ dollar benefits from weaker greenback; focus on domestic CPI

Sun, 14 Jul 2019

By Rebecca Howard July 15 (BusinessDesk) - The New Zealand dollar dipped on weak China trade data but pared those losses as investors continue to expect lower interest rates in the US. The kiwi was trading at 66.81 US cents at 7:50am in Wellington versus 66.90 cents late Friday in New York. The trade-weighted index was at 73.03 from 73.10. The kiwi shed some ground late Friday when data showed that China’s exports fell in June as the trade war with the US took its toll. China is New Zealand's leading trading partner so weaker exports...

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