NZ dollar lower as USD gains on upbeat data; focus on trade, FOMC

Tue, 11 Jun 2019

By Rebecca Howard June 12 (BusinessDesk) - The New Zealand dollar was slightly lower after improving US data buoyed the greenback and amid caution ahead of the Federal Reserve's next policy meeting and ongoing US-China trade tensions. The kiwi was trading at 65.81 US cents at 7:50 am versus 65.94 US cents at 5pm in Wellington. The trade-weighted index eased to 72.19 points from 72.39. The US dollar got a lift after business confidence data was better than expected and the producer prices index data was also firm. "The kiwi continu...

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