NZ dollar little changed as traders await more evidence of pace of economic growth

Sun, 14 Aug 2016

The New Zealand dollar was little changed, having briefly rallied on Friday in the US on weaker-than-expected US retail sales, as traders await more economic data in the domestic economy that would give a clue to the track of interest rates. The kiwi dollar traded at 71.86 US cents as at 8am in Wellington, from 72 cents in late New York trading on Friday. The kiwi climbed as high as 72.53 US cents after figures showed little changed US retail sales for July against forecasts for a 0.4 percent gain. The trade-weighted index slipped to 76.15 f...

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