NZ dollar drifts lower ahead of CPI; China GDP as expected

Mon, 21 Jan 2019

By Gavin Evans Jan. 21 (BusinessDesk) - The New Zealand dollar drifted lower with slightly weaker Chinese economic data offering few new leads and investors unwilling to make big bets amid mixed views on local consumer price data due on Wednesday. The kiwi was trading at 67.23 US cents at 5pm from 67.59 cents this morning and 67.61 cents here last week. The trade-weighted index was at 72.93 from 73.30 and 73.18 here late Friday. Data today showed annual growth in China’s economy slowed to 6.4 percent in the fourth quarter, as expected,...

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