NZ dollar dips below 65 US cents, recovers ahead of data, rate decisions

Mon, 05 Aug 2019

By Rebecca Howard Aug. 6 (BusinessDesk) - The New Zealand dollar briefly dipped below 65 US cents overnight but recovered as markets shift their attention to domestic data and a rate decision in Australia. The kiwi was trading at 65.36 US cents at 8am in Wellington from 65.21 cents at 5pm. It touched a seven-week low of 64.87 cents overnight. The trade-weighted index was at 72.67 points from 72.44. The kiwi recovered after falling on escalating US-China trade tensions but "the rebound was modest and leaves the kiwi on thin ice ahead of...

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