NZ dollar little changed in light pre-Christmas trading

Fri, 23 Dec 2016

By Rebecca Howard Dec. 23 (BusinessDesk) - The New Zealand dollar was well supported in thin trading ahead of the Christmas holiday, after US data overnight failed to push the greenback higher. The kiwi dollar was at 69.06 US cents as at 2pm in Wellington from 69.07 cents late Thursday. US growth was better than tipped in the third quarter, expanding 3.5 percent, but personal income and spending data was softer. “All things being equal, I think we will just sidle into Christmas,” said ASB head of FX institutional sales New Zealand...

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