NZ dollar little changed after weaker 4Q GDP as US dollar slides

Thu, 15 Mar 2018

By Rebecca Howard March 15 (BusinessDesk) - The New Zealand dollar was little changed, benefiting from ongoing US dollar weakness despite initially falling on weaker-than-expected domestic economic growth. The kiwi dollar traded at 73.27 US cents as at 5pm in Wellington, unchanged from 8am and versus 73.39 cents late yesterday. The trade-weighted index slipped to 74.95 from 75.07 yesterday. The kiwi fell around a quarter of US cent early in the session on news that the economy expanded 0.6 percent in the three months to Dec. 31 versus...

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