NZ dollar eases on weaker-than-expected Chinese manufacturing numbers

Tue, 30 Apr 2019

By Jenny Ruth April 30 (BusinessDesk) - The New Zealand dollar eased after weaker-than-expected manufacturing data in China signalled a risk of a further slowdown in the world's second-largest economy. The kiwi was trading at 66.62 US cents at 5pm in Wellington from 66.70 at 8am. The trade-weighted index was at 72.68 points from 72.71. China’s latest Purchasing Manager Index came in at 50.2 points instead of the 51 points expected by analysts, suggesting the economy of New Zealand’s largest trading partner may still be slowing. “The...

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