NZ dollar higher on weak US data, reduced rate cut expectations for Australia

Tue, 24 Sep 2019

By Rebecca Howard Sept. 25 (BusinessDesk) - The New Zealand dollar got an overnight lift on soft US consumer confidence numbers and after investors pared back expectations for an October rate cut in Australia. The kiwi was trading at 63.27 US cents at 8am in Wellington from 62.96 cents at 5:05pm. The trade-weighted index was at 70.39 from 70.13. The greenback softened after US consumer confidence fell by the most in nine months in September. The Conference Board, an industry group, said its index of consumer attitudes fell to 125.1,...

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