NZ dollar treads water ahead of key data later in week

Mon, 31 Jul 2017

By Rebecca Howard July 31 (BusinessDesk) - The New Zealand dollar inched higher as the greenback remains out of favour and investors await key data later in the week. The kiwi traded at 75.06 US cents at 5pm versus 74.99 US cents at 8am in Wellington, having reached 75.23 cents in New York on Friday from 74.75 cents in Asia last week. The trade-weighted index was at 78.97 from 79.04 in New York. "It hasn't moved a lot. We are still of the view that it's going to be a struggle up here for the kiwi but certainly calling it meaningfully l...

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