NZ dollar holds firm ahead of local data

Tue, 17 Dec 2019

The New Zealand dollar remains steady against the greenback ahead of key domestic data. The kiwi was trading at 66.01 US cents at 8am in Wellington versus 65.97 cents at 5pm. The trade-weighted index was unchanged at 72.51. The local dollar is "holding the line," OMF treasury manager Stuart Ive said. “Uncertainty relating to the details of a phase one trade deal between the US and China appears to be the main handbrake for a more broader risk rally heading into the holiday period.” Meanwhile, ANZ Bank FX/rates strategist Sandeep Parek...

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