NZ dollar holds above 64 US cents on improved local data, dairy outlook

By Gavin Evans | Tue, 19 Nov 2019


The New Zealand dollar held above 64 US cents on the back of improving local data and the prospect of a further lift in prices at the next Global Dairy Trade auction. The kiwi was barely changed at 64.04 cents at 8am from 64.02 cents last night. The trade-weighted index was at 70.75 points from 70.72. In the absence of fresh international economic data or progress on the China-US trade talks, both the kiwi and Aussie have traded in very narrow ranges this week, BNZ senior markets strategist Jason Wong says. The rebound in the BNZ-Busin...