NZ dollar firms on mixed US data; flat CPI expected

Sun, 20 Jan 2019

By Gavin Evans Jan. 21 (BusinessDesk) - The New Zealand dollar firmed against its US counterpart after data on Friday sent mixed signals on the depth of the economic slowdown there. The kiwi was trading at 67.59 US cents at 8.45am in Wellington, from 67.41 cents in New York on Friday and 67.61 cents here. The trade-weighted index was at 73.30 from 73.10 in New York and 73.18 here late Friday. The local dollar fell 1.3 percent against the US dollar last week. Positive signs on the US-China trade front and a more benign inflation outlook...

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