NZ dollar stalled ahead of retail sale data

Tue, 26 Nov 2019

The New Zealand dollar was stalled near 64 US cents, with little international news to provide direction ahead of local third-quarter retail sales due later this morning. The kiwi was trading at 64.02 US cents at 8am from 64.19 cents at 5pm. The trade-weighted index was at 70.97 from 71.13. Equity markets rallied overnight, extending gains in Asia yesterday, on reports China was considering increasing penalties for theft of intellectual property as part of a compromise with Washington. US national security adviser Robert O’Brien also said...

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