NZ dollar falls as stronger-than-expected US data lifts greenback

Tue, 15 Nov 2016

By Jonathan Underhill Nov. 16 (BusinessDesk) - The New Zealand dollar fell as stronger-than-expected US retail sales and manufacturing data helped extend the greenback's rally, while gains in dairy prices overnight weren't enough to offset offshore influences on the kiwi. The local currency fell to 70.79 US cents as at 8am in Wellington from 71.11 cents late yesterday. The trade-weighted index fell to 77.27 from 77.47. US retail sales rose 0.8 percent in October, the Commerce Department said, faster than the 0.6 percent pace expected b...

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