NZ dollar holds gains; focus on domestic inflation data

Mon, 15 Jul 2019

By Rebecca Howard July 16 (BusinessDesk) - The New Zealand dollar held its gains ahead of second-quarter domestic inflation data as investors remained cheered by better-than-expected Chinese industrial production and retail sales. The kiwi was trading at 67.21 US cents at 7:55 am in Wellington from 67.19 at 5pm. The trade-weighted index was at 73.38 from 73.35. While China’s economic growth was the softest in decades in the June quarter, up 6.2 percent from a year earlier, better-than-expected industrial production growth of 6.3 percen...

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