Soft Chinese manufacturing data keeps a lid on kiwi dollar

Wed, 31 Oct 2018

By Rebecca Howard Oct. 31 (BusinessDesk) - The New Zealand dollar continued to struggle against the greenback after soft manufacturing data out of China raised concerns about a slowdown in this country's largest trading partner. The kiwi traded at 65.42 US cents at 5 pm in Wellington from 65.50 US cents at 8 am and 65.46 cents yesterday. The trade-weighted index was at 72.07 from 72.03. China's official Purchasing Managers’ Index fell to 50.2 in October, the lowest since July 2016 and down from 50.8 in September. "The latest survey d...

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