NZ dollar stuck in tight range; global sentiment the driver

Thu, 15 Aug 2019

By Rebecca Howard Aug. 16 (BusinessDesk) - The New Zealand dollar stuck to a tight range as ongoing trade concerns offset better-than-expected retail data in the US. The kiwi was trading at 64.49 at 7:45am from 64.41 US cents at 5pm in Wellington. The trade-weighted index was at 71.72 points from 71.61. “Financial markets remained on a defensive theme, as some better-than-expected data flow failed to offset ongoing trade concerns,” said ANZ senior economist Miles Workman. US retail sales increased 0.7 percent last month after gainin...

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