NZ dollar weakens after US retail sales boost greenback

Tue, 16 Jul 2019

By Rebecca Howard July 17 (BusinessDesk) - The New Zealand dollar pared some of its gains after stronger-than-expected US retail sales data cheered markets. The kiwi was trading at 67.01 US cents at 8am in Wellington versus 67.32 cents at 5pm. The trade-weighted index was at 73.30 from 73.50. The value of US retail sales rose 0.4 percent in June, ahead of the expected 0.2 percent rise, according to the US Department of Commerce. The better than expected retail data “boosted the greenback, pretty much at the expense of everything el...

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