NZ dollar gains on weak US data, renewed trade concerns

Wed, 17 Jul 2019

By Rebecca Howard July 18 (BusinessDesk) - The New Zealand dollar gained on weak US housing data and renewed concerns about US-China trade tensions. The kiwi was trading at 67.31 at 7:50 am in Wellington versus 67.11 US cents at 5:05pm. The trade-weighted index was at 73.63 from 73.44. Overnight, the US Commerce Department said that June housing starts fell 0.9 percent from May. Residential building permits fell 6.1 percent, marking the biggest monthly drop since March 2016. Economists surveyed by The Wall Street Journal had expected...

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