NZ dollar lower on stronger than expected US retail data

Sun, 16 Jun 2019

By Rebecca Howard June 17 (BusinessDesk) - The New Zealand dollar was trading lower after stronger than expected US retail data ahead of the Federal Reserve's meeting this week. The kiwi was trading at 64.91 US cents from 65.34 US cents at 5pm in Wellington Friday. The trade-weighted index was at 71.61 from 71.89. US retail sales lifted in May and April was also revised higher, suggesting a pick-up in consumer spending and easing fears about an economic slowdown. Headline retail sales rose 0.5 percent on the month in May, from a r...

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