NZD continues to hover around 68 US cents, Australian 4Q GDP in focus

Tue, 05 Mar 2019

By Rebecca Howard March 6 (BusinessDesk) - The New Zealand dollar continues to hover around 68 US cents, capped by strong US data overnight that gave the greenback some support. The kiwi was trading at 68.01 US cent at 8am in Wellington from 67.98 US cents at 5pm in Wellington. The trade-weighted index was unchanged at 73.76. "US data beat expectations, lending the USD some support. That said, recent central bank caution has contained volatility for the time being and that is reflected in the tight ranges for major currency pairs," sa...

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