NZ dollar slips vs. greenback ahead of US retail sales figures

Tue, 13 Aug 2013

By Paul McBeth Aug 13 (BusinessDesk) - The New Zealand dollar slipped below 80 US cents ahead of retail sales figures in the US, which are expected to show consumer spending in the world’s biggest economy rose for a fourth month. The kiwi traded at 79.97 US cents at 5pm in Wellington from 80.01 cents at 8am, down from 80.34 cents yesterday. The trade-weighted index decreased to 75.21 from 75.36 yesterday. US retail sales rose 0.3 percent, adding to June’s 0.4 percent gain, according to a Bloomberg survey of economists. Investors are payin...

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