NZ dollar falls ahead of Pence China speech, manufacturing data

Thu, 24 Oct 2019

The New Zealand dollar fell amid a dearth of news and as the market awaits a key speech by US Vice-President Mike Pence on China later today and a raft of manufacturing indicators out of Europe. The kiwi was trading at 64.06 US cents at 5pm in Wellington from 64.20 cents at 8am. The trade-weighted index was at 70.78 points from 70.92. "There's no real news out there driving it," says Mitchell McIntyre, a dealer at XE. With better than expected earnings from US companies and commodity prices holding up, "risk sentiment is still relative...

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