NZ dollar weaker but back above 65 US cents after mixed US data
By Rebecca Howard
May 31 (BusinessDesk) - The New Zealand dollar was weaker early but did pare some losses on a slighty softer greenback after mixed US data, including weaker-than-expected inflation.
The kiwi was trading at 65.06 US cents at 8:10am in Wellington versus 65.25 US cents at 5pm in Wellington. It touched an overnight low of 64.93 US cents. The trade-weighted index was at 71.80 points from 71.98.
The kiwi lifted back above 65 US cents on continued weakness in US inflation as it "will bolster some calls for a rate cut from...
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