NZ dollar weakens as greenback gains on improving data; oil in focus

Sun, 15 Sep 2019

By Rebecca Howard Sept. 16 (BusinessDesk) - The kiwi is weaker after the greenback got a lift from improving US retail data and as markets keep a close eye on Saudi Arabia after weekend attacks on major oil plants. The kiwi was trading at 63.68 US cents at 7:55 am in Wellington versus 63.75 late Friday in New York and 64.04 US cents at 5pm in Wellington. The US dollar rose after retail sales rose 0.4 percent on the month in August, versus expectations for a 0.2 percent increase. Also, the preliminary read of the University of Michigan...

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