NZ dollar falls to 2-week low before retail sales, omnibus of global data

Mon, 13 Aug 2012

By Jonathan Underhill Aug. 14 (BusinessDesk) - The New Zealand dollar fell to a two-week low after weaker-than-expected Japanese growth figures sapped risk appetite and traders awaited retail sales data locally and economic growth and inflation data out of Europe. The kiwi dollar traded at 80.90 US cents, down from 81.14 cents at 5 pm yesterday. The trade-weighted index slipped to 72.74 from 72.98. Japan’s economy grew 0.3 percent in the second quarter, less than half the pace expected. Figures today are expected to show New Zealand retail s...

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