NZ dollar stuck in recent ranges as upbeat US data bolsters sentiment

By Paul McBeth | Thu, 28 Nov 2019


The New Zealand dollar held to its recent trading ranges as stronger than expected US economic growth helped push stocks on Wall Street to a record. The kiwi dollar traded at 64.24 US cents at 8:10am in Wellington from 64.26 cents at 5pm yesterday. The trade-weighted index was at 71.25 points from 71.25 yesterday. Stocks on Wall Street extended gains into uncharted territory after US Commerce Department figures showed the US economy grew at a 2.1 percent annual pace in the September quarter, ahead of the 1.9 percent pace economists had pi...