NZ dollar treads water as US markets rebound on upbeat retail sales

Wed, 26 Dec 2018

By Paul McBeth Dec. 27 (BusinessDesk) - The New Zealand dollar was largely left on the sidelines as US stock markets recovered on Boxing Day when Amazon and other retailers mounted a comeback on strong consumer spending. The kiwi traded at 67.17 US cents as at 8.30am in Wellington from 67.24 cents yesterday and 67.15 cents on Christmas Eve. The trade-weighted index decreased to 73.56 from 73.76 yesterday. Wall Street snapped a four-day decline, with the Standard & Poor's 500 index up 2.8 percent in late trading, led by retailers and...

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