NZ dollar range-bound awaiting China economic data, trade talk progress

Wed, 27 Feb 2019

By Jenny Ruth Feb. 27 (BusinessDesk) - The New Zealand dollar was little changed after failing to break out of the top of its recent trading range and as traders await more details on US-China trade talks. The kiwi was trading at 68.87 US cents at 5pm in Wellington from 68.83 this morning. The trade-weighted index was at 74.26 points from 74.25. “We need some detail on the US-China trade talks and we’re not going to be getting that for a while,” says Martin Rudings, foreign exchange dealer at OMF. While negative for the US dollar,...

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