NZ dollar recovers on better China, US data

Thu, 08 Aug 2019

By Rebecca Howard Aug. 9 (BusinessDesk) - The New Zealand dollar firmed after stronger than expected trade data from China and a fall in US jobless claims gave global sentiment a boost. The kiwi was trading at 64.81 US cents at 8am from 64.56 cents at 5pm in Wellington. The trade-weighted index was at 71.90 points from 71.71. China's July export growth lifted 3.3 percent from a year earlier in US dollar terms after falling 1.3 percent in June. Economists polled by Bloomberg had expected a 1.0 percent decline. According to Capital E...

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