NZ dollar weakens on strong US data, trade tensions

Thu, 16 May 2019

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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Economy

NZ dollar benefiting from ‘sell US’ trade, more to come

The kiwi is at a five-month high.

Rebecca Howard 11:55am

Markets

Fed, tariff fears send Dow down over 900 points

Blue-chip index heads for its worst April since 1932.

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Fed, tariff fears send Dow down over 900 points

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