NZ dollar holds above 70 US cents in quiet trading

Fri, 22 Dec 2017

By Rebecca Howard Dec. 22 (BusinessDesk) - The New Zealand dollar held above 70 US cents as investors continued to take heart from yesterday's upwardly revised gross domestic product numbers. The kiwi traded at 70.19 US cents as at 3pm in Wellington from 70.07 cents yesterday. The trade-weighted index was at 73.83 from 73.75. The local currency got a lift yesterday when Statistics New Zealand's revisions to the GDP painted a solid economic picture as they indicated growth was materially higher over the past three years. While US dolla...

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