NZ dollar rebounds ahead of US data, dairy auction

Tue, 14 Apr 2015

April 14 (BusinessDesk) - The New Zealand dollar rebounded ahead of US retail sales data and the latest dairy auction this week, having been driven lower in the wake of weak Chinese trade data this week. The kiwi traded at 74.60 US cents as at 5:30pm in Wellington, from 74.20 cents at the start of the day and from 74.49 cents yesterday. The trade-weighted index was at 78.70, from 78.60 yesterday. Traders are awaiting US retail sales figures as they sift economic data for clues on the timing of interest rate hikes in the US economy. Sales...

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