Kiwi on track for best weekly performance in seven months

Economies.com
2018-09-21 04:29AM UTC

The New Zealand dollar tilted higher in Asian trade against the greenback away from February 2016 lows for the eighth session out of nine, following earlier data from New Zealand, and ahead of US data. 

 

As of 04:17 GMT, NZD/USD rose 0.07% to 0.6690, with an intraday high at 0.6693, and a low at 0.6680. 

 

Earlier data from Ne Zealand showed net immigrants rose 2.8%, or by 5,010, compared to a 0.7% increase in July, while an index tracking credit card spending rose 2.6%, compared to a 1.3% drop in July, while accelerating to 7.7% y/y. 

 

Now investors await US data on flash manufacturing and services PMIs, with the first estimated at 55.1, up from 54.7, while the second is also expected with an increase to 54.9 from 54.8. 

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