NZ dollar weakens on strong US data, trade tensions

NZ dollar weakens on strong US data, trade tensions
Rebecca Howard
By Rebecca Howard May 17 (BusinessDesk) - The New Zealand dollar opened weaker after stronger than expected US data gave the greenback a lift and as trade tensions continue to dampen risk appetite. The kiwi was trading at 65.37 at 8am in Wellington versus 65.51 late yesterday. The trade-weighted index was at 72.04  from 72.06.  The Philadelphia Fed manufacturing index for May rose to a four-month high of 16.6 after registering 8.5 in April, MarketWatch reported. Economists had expected 10.1. The Commerce Department also reported that g...

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