NZ dollar weakens ahead of Chinese data which may show slowing economic growth

Tue, 15 Apr 2014

By Tina Morrison April 16 (BusinessDesk) – The New Zealand dollar weakened ahead of the release of Chinese data today which is expected to show a slowdown in Asia’s largest economy, the country’s largest trading partner. Locally, figures are expected to show inflation is accelerating. The kiwi softened to 86.39 US cents at 8am in Wellington from 86.50 cents at 5pm yesterday. The trade-weighted index edged lower to 80.22 from 80.27 yesterday. Investors were nonplussed by the two main events overnight, a speech by the new Federal Reserve Chai...

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