Upbeat US data keeps a lid on kiwi but may buoy local stocks

Mon, 20 Jan 2020

Solid US data is likely to keep the New Zealand dollar capped in Asian trading, but the stock market may continue to track Wall Street higher after the three big indices saw solid gains last week.Local trading, however, may be lighter than usual due to the Wellington Anniversary holiday. US markets will also be on holiday for Martin Luther King Jr. DayThe greenback gained on Friday when December housing starts jumped 16.9 percent to a seasonally adjusted annual rate of 1.61 million units last month, the highest level since December 2006. On ano...

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