NZ dollar little changed after dropping overnight

Wed, 16 Aug 2017

By Rebecca Howard Aug. 16 (BusinessDesk) - The New Zealand dollar was little changed in Asia after falling sharply overnight when US retail sales data propelled the greenback higher. The kiwi dropped was at 72.34 US cents as at 5pm in Wellington versus 72.36 US cents as at 8am in Wellington from 73.01 cents late yesterday. The trade-weighted index fell to 76.52 from 77.00 yesterday. "We are in dribbling lower mode," said Westpac Banking Corp senior markets strategist Imre Speizer. A combination of a stronger US dollar, a recent inter...

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