NZ dollar little changed; data fuels equities rallies

Mon, 01 Apr 2019

By Jenny Ruth April 1 (BusinessDesk) - The New Zealand dollar is little changed after better-than-expected Australian data, on top of better manufacturing data from China over the weekend, fuelled equity market rallies around Asia. The kiwi was trading at 68.22 US cents at 5pm in Wellington from 68.29 at 8am. The trade-weighted index was at 73.98 points from 74.07. The benchmark S&P/NZX 50 Index rose nearly a percent to a fresh record. National Australia Bank’s latest survey found that perceptions of business conditions, driven by impr...

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