NZ dollar holds gains as weaker US retail sales weigh on greenback

Thu, 14 Feb 2019

By Paul McBeth Feb. 15 (BusinessDesk) - The New Zealand dollar held yesterday's gain as weaker-than-expected US retail sales raised fears about a slowdown in the world's biggest economy, weighing on the greenback. The kiwi was trading at 68.39 US cents as at 8am in Wellington from 68.30 cents at 5pm yesterday. The trade-weighted index edged up to 74.31 from 74.16. The US dollar index dipped 0.1 percent and the yield on US 10-year Treasuries fell 4.5 basis points to 2.66 percent after Bureau of Statistics figures showed US retail sale...

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