Kiwi gains ground in Asia versus US dollar

The New Zealand dollar tilted higher in Asian trade against US dollar following earlier data from New Zealand and amid a lack thereof from the US today. 

As of 03:38 GMT, NZD/USD rose 0.06% to 0.6747 from the opening of 0.6743, with an intraday high at 0.6755, and a low at 0.6720. 

Earlier New Zealand data showed the seasonally adjusted reading for net immigrants down 3.5% to 4,840, compared to a 2.4% increase in May to 5,090, while credit spending rose 5.7% y/y in June, compared to a 3.7% increase in May. 

President Donald Trump criticized the Federal Reserve in an interview with CNBC, saying he's "not thrilled" with rate hike decisions that lead to a stronger dollar, while China's yuan falls like a rock. 

He commended Fed Chair Jerome Powell as a "good man", adding he won't intervene into the Fed's actions, with the remarks overall weighing on the dollar on currency war concerns.