NZ dollar headed for 0.4% weekly fall but rangebound ahead of US GDP data

Fri, 27 Jul 2018

By Rebecca Howard July 27 (BusinessDesk) - The New Zealand dollar is headed for a 0.4 percent weekly fall and is stuck in a tight range as investors anticipate a solid read-out from US gross domestic product data later in the global trading day. The kiwi traded at 67.81 US cents at 5pm in Wellington from 67.84 US cents at 8:30am in Wellington and 68.36 US cents late yesterday. It was at 68.07 cents last Friday in New York. The trade-weighted index was at 72.94 from 73.26 yesterday. The kiwi opened weaker after the European Central Ban...

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