NZ dollar climbs above 67 US cts on strong retail sales, Wall St's bull run

Wed, 22 Aug 2018

By Paul McBeth Aug. 22 (BusinessDesk) - The New Zealand dollar climbed above 67 US cents as stronger than expected consumer spending added to already increased demand for risk-sensitive assets. The kiwi traded at 67.03 US cents as at 5pm in Wellington from 66.89 cents at 8am and up from 66.66 cents yesterday. The trade-weighted index advanced to 72.36 from 71.97 yesterday. New Zealand June quarter retail spending rose 1.1 percent from a year earlier on growing demand for hardware and building supplies. The construction industry alrea...

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