NZ dollar range-bound as US economy strengthens, Europe mixed

Mon, 25 Nov 2019

The New Zealand dollar was capped by signs of improvement in the US economy, mixed signals in Europe and no progress on US-China relations. The kiwi was trading at 64.00 US cents at 8am from 64.07 cents in New York on Friday and 64.03 cents in Wellington last week. The trade-weighted index was at 71.04 from 70.90. The New Zealand dollar has spent most of the past week trading in a tight range near 64 US cents, having been boosted from the Reserve Bank’s Nov.13 decision to leave rates on hold. Doubts about an initial trade deal being signe...

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