NZ dollar down on weak Chinese data

Wed, 15 May 2019

By Jenny Ruth May 15 (BusinessDesk) - The New Zealand dollar eased a little as weaker than expected data from China added to market concern about the China-US trade stoush. The kiwi was trading at 65.62 US cents at 5pm in Wellington from 65.72 at 8am. The trade-weighted index was at 72.16 points from 72.22. The Chinese data showed retail sales rose 7.2 percent in April, down from 8.7 percent in March and greatly missing expectations of an 8.6 percent increase. The April figure was the slowest pace since 2003. Other figures showed in...

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