NZ dollar range-bound as global growth jitters increase

Sun, 18 Aug 2019

By Rebecca Howard Aug. 19 (BusinessDesk) - The New Zealand dollar is sticking to a tight range as global growth concerns continue to weigh on sentiment. The kiwi was trading at 64.31 US cents at 8am in Wellington from 64.27 cents in New York on Friday. The trade-weighted index was at 71.54 from 71.49. US data was disappointing Friday, with housing starts down 4 percent in July and the preliminary August release of the University of Michigan consumer sentiment down 6.3 points to 92.1. However, sentiment may be helped after US Presid...

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