NZ dollar eases on shade cast by record Aussie retail sales

NZ dollar eases on shade cast by record Aussie retail sales
Jenny Ruth
The New Zealand dollar looks headed for a slightly weaker finish for the week, cast into the shade by surprisingly strong Australian retail sales. The kiwi was trading at 64.18 US cents at 5pm in Wellington from 64.47 cents at the same time yesterday and from 64.49 cents in New York last Friday. The trade-weighted index was at 71.25 from 71.39. The Australian data showed retail sales rose 16.3 percent in May, the largest ever increase in the 38-year history of the Australian Bureau of Statistics' retail data series. The easing of lockd...

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