NZ dollar falls as electronic card spending misses expectations

Tue, 11 Jul 2017

By Rebecca Howard July 11 (BusinessDesk) - The New Zealand dollar fell after investors were disappointed by softer than expected retail spending on electronic cards in June, despite a boost from the British and Irish Lions' rugby tour. The kiwi dropped to 72.33 US cents as at 5pm from 72.72 US cents as at 8am in Wellington and 72.76 cents late yesterday. The trade-weighted index fell to 77.79 from 78.21. Government figures today showed retail spending on credit and debit cards was unchanged in seasonally adjusted terms from May when i...

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