NZ dollars firms on soft US GDP, G20 trade hopes

Thu, 27 Jun 2019

By Rebecca Howard June 28 (BusinessDesk) - The New Zealand dollar extended its gains against the greenback amid soft US data and growing optimism ahead of a meeting between the US and China at the G20 summit in Japan this weekend. The kiwi was trading at 67.00 US cents at 8 am in Wellington versus 66.81 US cents at 5pm. The trade-weighted index was at 73.08 from 72.96. The kiwi got a lift when the third and final estimate of US gross domestic product came in at 3.1 percent versus an expected 3.2 percent. While the number was in line...

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