NZ dollar battered by weak domestic CPI, eyes on Australian data

Wed, 17 Apr 2019

By Rebecca Howard April 18 (BusinessDesk) - The New Zealand dollar remained weak despite better-than-expected Chinese data helping lift risk sentiment. Domestic inflation data yesterday was soft and investors are now focusing on jobs growth in Australia for similar signs of a slowdown. The kiwi was trading at 67.19 US cents at 8am in Wellington versus 67.30 at 5pm yesterday. The trade-weighted index was at 72.71 points from 72.85. The kiwi took a tumble yesterday as weak domestic inflation data upped speculation that the central b...

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