NZ dollar falls on weaker equities, poor China data

Mon, 15 Jun 2020

The New Zealand dollar fell, tracking weaker equities markets and after data in China showed soft retail sales and a slower-than-expected pick-up in industrial production. The kiwi was trading at 64.16 US cents at 5pm in Wellington compared with 64.49 cents in New York on Friday but little changed from 64.18 cents at the same time locally. The trade-weighted index was at 71.23 from 71.17. The Chinese data showed May retail sales fell 2.8 percent compared with the same month a year earlier. Economists had forecast a 2 percent fall. As w...

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