NZ dollar weakens after slightly less glum business sentiment disappoints

NZ dollar weakens after slightly less glum business sentiment disappoints
Jenny Ruth
The New Zealand dollar fell after weaker than expected business confidence data and after building consent figures also came in on the weak side. The kiwi was trading at 66.24 US cents at 5pm in Wellington from 66.51 at the same time yesterday while the trade-weighted index was at 72.45 points from 72.74. The quarterly survey of business opinion "wasn't as good as we thought it would be. It was a very slight improvement only," said Tim Kelleher, head of foreign exchange sales at Commonwealth Bank of Australia. The QSBO showed businesse...

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