NZ dollar extends gain on Fed outlook, soft US data

Thu, 20 Jun 2019

By Rebecca Howard June 21 (BusinessDesk) - The New Zealand dollar extended its gains against the greenback as weak US manufacturing data raised concern about a possible slowdown there. The kiwi was trading at 65.89 US cents at 7:45 in Wellington versus 65.65 cents at 5pm yesterday. The trade-weighted index was at 72.05 from 72.03. The US Federal Reserve yesterday joined global peers, including the European Central Bank and the Reserve Bank of Australia, in indicating that more policy stimulus is likely, which weighed on the US dollar....

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