NZ dollar rises after positive Aussie data but bearishness lingers

Wed, 03 Apr 2019

By Jenny Ruth April 3 (BusinessDesk) - The New Zealand dollar rose a little after better-than-expected Australian retail sales data but the mood remains bearish. The kiwi was trading at 67.70 US cents at 5pm in Wellington from 67.43 at 8am while the trade-weighted index was at 73.45 points from 73.31. “Australian retail sales (for February) came in up 0.8 percent when the market was expecting 0.3 percent,” says Mitchell McIntyre, a dealer at XE. That was the largest monthly increase in Australian retail sales since November 2017 and...

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