NZ dollar under pressure as markets fret about global slowdown

Wed, 15 May 2019

By Rebecca Howard May 16 (BusinessDesk) - The New Zealand dollar remained range-bound as weak data in both China and the US and continuing trade tensions increase fears of a global slowdown. The kiwi was trading at 65.59 US cents at 7:45am in Wellington from 65.62 at 5pm. The trade-weighted index was at 72.13 points from 72.16. The kiwi fell after softer-than-expected retail sales and industrial production in China late yesterday added to fears of a slowdown in this country's main trading partner. Overnight, US data also pointed t...

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