NZ dollar falls from 4-month high on weak GPD, OECD's housing bubble concerns

Thu, 15 Jun 2017

By Sophie Boot June 15 (BusinessDesk) - The New Zealand dollar, which surged to a four-month high overnight following weak US retail sales and inflation data, reversed course to end the day little changed after weaker than expected growth data and a warning about property debt. The kiwi rose as high as 63.19 US cents overnight before paring its gains today to be little changed at 72.22 US cents as at 5pm from 72.21 cents late yesterday. The trade-weighted index fell to 77.48 from 77.65 yesterday. The US dollar dropped overnight after f...

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