NZ dollar rally may slow as upcoming Chinese data keeps outlook murky

Mon, 11 Jul 2016

By Paul McBeth July 11 (BusinessDesk) - The New Zealand dollar's run to a 14-month high may take a breather this week as investors hold off from taking firm positions ahead of Chinese economic data due at the end of the week. The kiwi traded at 72.78 US cents at 5pm in Wellington from 72.92 cents at 8am and 73.04 cents on Friday in New York. The trade-weighted index fell to 77.68 from 77.90 last week. New Zealand's currency was propelled to its highest level in 14 months after stronger than expected jobs growth in the US eased concer...

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