NZ dollar little changed before GDP data that may show stronger growth

Wed, 14 Mar 2018

By Jonathan Underhill March 15 (BusinessDesk) - The New Zealand dollar was little changed, holding above 73 US cents ahead of figures that may show the economy accelerated in the fourth quarter, a contrast to the most recent US data which showed weaker retail sales. The kiwi dollar traded at 73.27 US cents as at 8am in Wellington from 73.39 cents late yesterday. The trade-weighted index slipped to 74.96 from 75.07 yesterday. New Zealand gross domestic product probably grew 0.8 percent in the fourth quarter, up from 0.6 percent three mo...

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