NZ dollar rises against greenback weakened by sluggish retail sales, winter storms

Thu, 13 Feb 2014

By Tina Morrison Feb 14 (BusinessDesk) – The New Zealand dollar rose as weaker US retail sales and concerns about disruption to the economy from winter storms weighed on the greenback. The kiwi rose to 83.52 US cents at 8am in Wellington from 83.11 cents at 5pm yesterday. The trade-weighted index advanced to 78.50 from 78.28 yesterday. The US dollar weakened after a report showed retail sales declined by the most in 10 months amid signs that adverse winter weather conditions are weighing on economic growth as yet another storm battered the e...

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