NZD dips after robust US data

By Rebecca Howard | Wed, 06 Nov 2019


The New Zealand dollar dipped ahead of local jobs data after a lift in US non-manufacturing data eased fears that manufacturing weakness is spreading to the services sector. The kiwi was trading at 63.82 US cents at 8am versus 64.07 cents at 5pm in Wellington. The trade-weighted index was at 70.29 points from 70.57. The greenback got a lift when economic activity in the non-manufacturing sector grew in October for the 117th consecutive month, according to the latest report from the country's Institute for Supply Management. It rose to 54....