NZ dollar rises on strong retail sales, positive signals from US-China trade talks

Mon, 25 Feb 2019

By Jenny Ruth Feb. 25 (BusinessDesk) - The New Zealand dollar rose after stronger-than-expected retail sales and as positive noises continue to emanate from both Chinese and United States officials over their trade talks. The kiwi was trading at 68.63 US cents at 5pm in Wellington from 68.29 at 7.45am while the trade-weighted index was at 74.15 points from 74.03. “We did have a really good number in terms of retail sales earlier today,” says Mitchell McIntyre, a dealer at XE. Retail sales volumes rose a seasonally adjusted 1.7 perce...

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