NZ dollar mixed, buffeted by Fed talk and downunder data

Thu, 19 Sep 2019

By Jenny Ruth Sept. 19 (BusinessDesk) - The New Zealand dollar was mixed after a roller-coaster day of US central bank action and domestic and Australian data. The kiwi was trading weaker at 63.08 US cents at 5pm in Wellington from 63.22 cents at 7:50am. But the trade-weighted index was slightly stronger at 70.23 from 70.21, mainly because the kiwi rose to 92.94 Australian cents from 92.45 cents. The US central bank cut the Fed Funds rate by 25 basis points, as expected, but the market reacted more to chair Jerome Powell's commentary a...

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