NZ dollar falls on weak Aussie jobs numbers, poor China data

By Jenny Ruth | Thu, 14 Nov 2019


The New Zealand dollar was weaker, dragged lower by unexpectedly weak jobs numbers in Australia and a raft of soft Chinese data. The kiwi was trading at 63.88 US cents at 5pm in Wellington from 64.06 cents at 8am. The trade-weighted index was at 70.75 points from 70.88. The Chinese data showed retail sales rose 7.2 percent in October compared with the same month last year, below the 7.9 percent increase economists had expected. Industrial output growth of 4.7 percent in the month was also weaker than expected. The Australia data showed...