NZ dollar retreats on stronger US data, fails to break key resistance level

Sun, 18 Feb 2018

By Jonathan Underhill Feb. 19 (BusinessDesk) - The New Zealand dollar fell, after failing to break through levels it hasn't topped since August last year, on stronger US economic data and concerns the US may provoke a trade war with its biggest trading partners. The kiwi fell to 73.78 US cents as at 8am in Wellington from 73.88 cents in New York on Friday and down from as high as 74.38 cents in Asia last Friday. The trade-weighted index was at 75.49 from 75.54 in New York. The University of Michigan consumer sentiment survey printed a...

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