NZ dollar dips on US data; focus now on ECB

Wed, 11 Sep 2019

By Rebecca Howard Sept. 12 (BusinessDesk) - The New Zealand dollar dipped after US producer price's lifted in August but was largely treading water ahead of the European Central Bank rate decision due overnight. The kiwi was trading at 64.15 US cents at 7:50 am in Wellington from 64.30 cents at 5pm. The trade-weighted index was at 71.31 from 71.41. The US Bureau of Labor Statistics reported that the PPI for final demand rose 0.1 percent in August and rose 1.8 percent in the 12 months through August. Economists polled by Reuters had ex...

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