Kiwi settles higher for first session in five versus greenback

Economies.com
2019-01-18 03:07AM UTC

The New Zealand dollar tilted higher in Asian trade off January 8 lows for another session versus its US counterpart, on track for the first weekly loss in three, following earlier industrial data from New Zealand and ahead of US data later today. 

 

As of 02:53 GMT, NZD/USD rose 0.03% to 0.6765, with a session-high at 0.6775, and a low at 0.6752. 

 

Earlier New Zealand data showed an index tracking the manufacturing sector up to 55.1 in December from 53.7 in November. 

 

Now investors await US data on industrial output, expected with a 0.2% increase in December, down from 0.6%. 

 

The important University of Michigan consumer sentiment gauge is expected to be down to 97 from 98.3. 

 

Federal Reserve Bank of New York President John Williams is due to speak about the economic outlook and monetary policy at the New Jersey Bankers Association's Economic Leadership Forum.

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