NZ dollar inches higher on soft US data

Fri, 20 Dec 2019

The New Zealand dollar nudged higher as the US dollar slipped on softer-than-expected data. The kiwi was trading at 66.07 US cents at 8am in Wellington from 65.91 cents at 5pm while the trade-weighted index was at 72.69 points from 72.55. “Markets largely ignored the impeachment of President Trump by the house yesterday, with his removal from office unlikely as the Republican-controlled senate is widely expected not to convict him,” said ANZ Bank FX/rates strategist Sandeep Parekh. The greenback, however, was weighed when the headline...

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