NZ dollar eases as greenback gains some ground in holiday-thin markets

Mon, 27 May 2019

By Rebecca Howard May 28 (BusinessDesk) - The New Zealand dollar eased as the US dollar gained some ground in thin markets with both the US and the UK on holiday overnight. The kiwi was trading at 65.41 US cents at 7:55am in Wellington from 65.51 at 5pm and the trade-weighted index eased to 72.07 points from 72.13. It was a "quiet session for markets overnight, with no major data releases, UK markets closed for Spring Bank Holiday, and the US observing Memorial Day," said ANZ FX/rates strategist Sandeep Parekh. US-China trade tens...

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