Kiwi rebounds from six-month low against dollar

Economies.com
2018-06-22 02:18AM UTC

The New Zealand dollar rose in Asian trade away from December 8, 2017 lows versus US dollar, following earlier data from New Zealand and ahead of US manufacturing and services data. 

 

As of 03:07 GMT, Kiwi rose 0.19% versus the greenback to 0.6882 from the opening of 0.6869, with a session-high at 0.6883, and a low at 0.6855. 

 

Earlier New Zealand data showed Visitor Arrivals up 2.7% in May, compared to a 1% drop in April, while credit card spending rose 3.7% in May, slowing down from 6.9% in April. 

 

Now markets await US manufacturing PMI, expected to come at 56.3, down from 56.4 in May, while the services PMI is forecast at 56.4, down from 56.8 in the previous reading. 

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