NZ dollar weakens on softer Chinese data, upbeat US consumer reports

Sun, 15 May 2016

By Tina Morrison May 16 (BusinessDesk) - The New Zealand dollar slid after softer economic data from China, the country's biggest export market, and increased demand for the greenback. The kiwi declined to 67.53 US cents at 8am in Wellington, from 67.72 cents at the New York close and 68 cents on Friday. The trade-weighted index sank to 72.48 from 72.75 on Friday. The kiwi weakened as demand increased for the US dollar on optimism about consumer sentiment in the world's largest economy after data on Friday which showed US retail sales...

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