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

By 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...