NZ dollar lifted off lows by positive China, Aussie trade data

Thu, 07 May 2020

The New Zealand dollar came off its lows after positive trade data from Australia and China but is still lacking momentum and direction. The kiwi was trading at 60.15 US cents at 5pm in Wellington, off the day's low at 59.97 cents but down from 60.54 cents at the same time yesterday. The trade-weighted index was at 68.24 from 68.54 yesterday. The Australian trade balance was a A$10.6 billion surplus in March compared with expectations of A$6 billion while China's was a US$45.34 billion surplus, more than five times consensus forecasts of...

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