NZ dollar jumps almost 1 US cent after US retail sales miss forecasts

Tue, 14 Apr 2015

By Tina Morrison April 15 (BusinessDesk) - The New Zealand dollar jumped almost one US cent overnight after US retail sales missed expectations, raising concern about slowing growth in the world's largest economy. The kiwi touched a high of 75.52 US cents, and was trading at 75.18 cents at 8am in Wellington, from 74.61 cents at 5pm yesterday. The trade-weighted index advanced to 79.03 from 78.69 yesterday. The US dollar index, which measures the greenback against a basket of currencies, declined after a report showed US March retail sa...

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