NZ dollar holds gains as US data weakens

Sun, 26 May 2019

By Rebecca Howard May 27 (BusinessDesk) - The New Zealand dollar held its gains after weak US data overnight Friday offered further evidence that the world's biggest economy is slowing. The kiwi was trading at 65.53 at 8am in Wellington versus 65.51 US cents late Friday in New York and 65.16 US cents at 5pm Friday in Wellington. The trade-weighted index was unchanged at 72.15. The greenback was weighed after US durable goods orders came in marginally weaker than expected, with headline orders falling by 2.1 percent in April. The March...

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