NZ dollar subsides after early boost from Fed, GDP data

Thu, 21 Mar 2019

By Jenny Ruth March 21 (BusinessDesk) - The New Zealand dollar ended the session little changed after earlier rising on dovish statements from the Federal Reserve and after local GDP figures exceeded expectations. The kiwi was trading at 69.12 US cents at 5pm in Wellington versus 69.11 US cents at 8am. The trade-weighted index was at 74.58 from 74.57. Today’s data showed New Zealand’s economy grew 0.6 percent in the December quarter and was 2.3 percent higher than in the same quarter last year. Two of the big four banks, ASB and Wes...

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