NZ dollar rangebound; focus on domestic GDP and US Federal Reserve

Sun, 17 Mar 2019

By Rebecca Howard March 18 (BusinessDesk) - The New Zealand dollar stuck to a tight range ahead of domestic gross domestic product data later this week and the upcoming Federal Open Market Committee meeting. The kiwi was trading at 68.44 US cents at 8am in Wellington from 68.43 late Friday in New York; the trade-weighted index was at 74.19 from 74.17. Mixed US data overnight Friday, with US industrial production and manufacturing output weaker than expected but consumer confidence better than forecast, helped keep the Kiwi rangebound....

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