NZ dollar steady despite weaker business confidence, poor China data

Thu, 28 Feb 2019

By Jenny Ruth Feb. 28 (BusinessDesk) - The New Zealand dollar held steady despite poor local business confidence figures and data from China showing factory activity is slowing. The kiwi was trading at 68.48 US cents at 5pm in Wellington from 68.40 cents this morning. The trade-weighted index was at 73.91 points from 73.84. “We have pretty negative news from the ANZ business confidence survey and then the Chinese data was worse,” says Tim Kelleher, head of external foreign exchange sales at ASB Bank. The ANZ Bank’s headline business...

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