NZ dollar consolidates after falling late last week

Mon, 14 Jan 2013

Jan 14 (BusinessDesk) - The New Zealand dollar nudged higher on Monday after falling late last week and a test of higher levels is in prospect this week if data is supportive. The kiwi was at 84.02 US cents at 5pm, up from 83.71 US cents at 8am but still down from 84.25 US cents at 5pm on Friday. The NZIER business confidence survey and a residential property market report on Tuesday morning will provide fresh information on the state of the economy, as will Friday’s December quarter inflation statistics. A 0.3 percent rise in retail card sp...

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