Kiwi falls for first session in four

Economies.com
2019-02-15 02:45AM UTC

The New Zealand dollar fell off February 6 highs against US dollar following local data and ahead of US data today. 

 

As of 02:29 GMT, NZD/USD shed 0.28% to 0.6818, with an intraday low at 0.6810. 

 

Earlier New Zealand data showed an index tracking manufacturing down to 53.1 from 55.1. 

 

The RBNZ voted this week to hold interest rates unchanged at 1.75% as expected for the 16th meeting in a row. 

 

Now investors await US data, with import prices expected down 0.1%, while the Empire State Manufacturing Index is expected up to 7.1. 

 

US industrial production is expected up 0.1%, while the capacity utilization rate is estimated up to 78.8%. 

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