NZ dollar runs out of puff amid conflicting China data

Thu, 14 Mar 2019

By Jenny Ruth March 14 (BusinessDesk) - The New Zealand dollar is treading water after running out of puff at higher levels and after conflicting data from China. The kiwi was trading at 68.40 US cents at 5pm in Wellington from 68.52 at 8am and at 96.80 Australian cents from 96.63. The trade-weighted index was at 74.21 points from 74.23. Sheldon Slabbert, a dealer at CMC Markets, says a weaker US dollar overnight had pushed the New Zealand dollar higher and it had been threatening to break through 97 Australian cents again. It reached...

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