NZ dollar slips as China PMI awaited, RBNZ looms

Mon, 22 Apr 2013

April 23 (BusinessDesk) – The New Zealand dollar fell before the April HSBC Flash Chinese PMI today, which will provide more evidence of growth in the nation’s No. 2 export market, while traders are looking ahead to the central bank policy review tomorrow. The kiwi fell to 84.16 US cents from 84.32 cents at 5pm in Wellington yesterday. The trade-weighted index sank to 77.84 from 78.01. The unofficial Chinese manufacturing survey comes after economic growth figures last week showed China’s economy is growing at a slower-than-expected pace. In...

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