NZ dollar dips back below 69 US cents, focus shifting to RBNZ

Thu, 21 Mar 2019

By Rebecca Howard March 22 (BusinessDesk) - The New Zealand dollar fell back below 69 US cents after better-than-expected US data and uncertainty over US-China trade and Brexit. The kiwi was trading at 68.72 cents at 8am in Wellington versus 69.12 US cents at 5pm in Wellington. The trade-weighted index was at 74.36 from 74.58. The greenback gained some traction when the US March Philadelphia Fed index rose to 13.7 versus -4.1 in February, said ANZ Bank FX/Rates strategist Sandeep Parekh. Appetite for riskier assets like the New Zealan...

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