NZ dollar slips on GDP, remains above 87 US cents

Thu, 19 Jun 2014

By Tina Morrison June 20 (BusinessDesk) - The New Zealand dollar slipped overnight as some traders were disappointed yesterday's gross domestic product report failed to beat expectations, however it remains elevated above 87 US cents The kiwi edged lower to 87.07 US cents at 8am in Wellington from 87.13 cents at 5pm yesterday. The trade-weighted index weakened to 81.02 from 81.09 yesterday. The kiwi softened following the GDP report yesterday, following a spike higher above 87 US cents. Government figures showed the economy grew at a 1...

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