NZ dollar little changed as weaker-than-expected retail sales overshadowed by US data

Mon, 17 Feb 2014

Feb. 17 (BusinessDesk) - The New Zealand dollar was little changed after weaker than expected consumer spending figures failed to spook investors wary of the greenback after soft US manufacturing data last week. The kiwi traded at 83.75 US cents at 5pm in Wellington from 83.77 cents at 8am and 83.64 cents on Friday in New York. The trade-weighted index edged up to 78.43 from 78.29 last week. New Zealand retail sales rose 1.2 percent in the final three months of 2013, according to Statistics New Zealand, short of the 1.5 percent growth pred...

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