NZ dollar little changed as mixed US data fails to dent greenback's momentum

Thu, 22 Dec 2016

By Paul McBeth Dec. 23 (BusinessDesk) - The New Zealand dollar was little changed as a mixed US data in light pre-Christmas trading failed to dent the greenback's momentum, which is riding a wave of demand built up by the prospect of rising US interest rates. The kiwi traded at 68.95 US cents as at 8am from 69.07 cents yesterday, and the trade-weighted index was at 77.05 from 77. US data showed the world's biggest economy grew at a faster pace than previously estimated in the third quarter, expanding 3.5 percent, while other figures...

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