NZ dollar slips on slew of weak global data, lack of US-China progress

Gavin Evans
Fri, 15 Nov 2019

The New Zealand dollar softened further overnight, with a string of weak economic data and the lack of progress on China-US trade weighing on sentiment. The kiwi was trading at 63.63 US cents at 8am from 63.88 cents at 5pm. The trade-weighted index was at 70.46 from 70.75 points. Reports overnight showed that jobless claims in the US jumped to a five-month high last week, and that UK retail sales contracted for a third month in October amid Brexit turmoil there. Those data followed reports yesterday showing a surprise increase in Austr...
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Reserve Bank stimulus helped soften a fall by New Zealand equities as investors reacted to a covid-19 flare-up which has put Auckland back into a level-3 lockdown. The S&P/NZX 50 Index declined 153...

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We should have gone back into our state of covid-19 lockdown with an effective digital contact tracing technology in place.

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