NZD weaker on stronger-than-expected US data, geopolitical worries

Thu, 28 Feb 2019

By Rebecca Howard March 1 (BusinessDesk) - The New Zealand dollar fell after stronger-than-expected fourth quarter economic growth in the US gave the greenback a lift. Ongoing US-China trade uncertainty and heightened geopolitical tensions also weighed on sentiment. The kiwi was trading at 68.07 US cents at 8 am in Wellington from 68.48 US cents at 5 pm. The trade-weighted index was at 73.63 points from 73.91. Data from the Commerce Department showed the US economy slowed less than expected in the fourth quarter amid solid consumer a...

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