Kiwi climbs off 2-1/5 year nadir against US dollar

2018-09-14 08:19:49 GMT (

New Zealand dollar tilted higher in Asian trade off February 2016 lows, following earlier industrial data from New Zealand and ahead of US import, consumer sentiment data. 


As of 02:51 GMT, NZD/USD rose 0.20% to 0.6581, with an intraday high at 0.6584, and a low at 0.6563. 


An index tracking the manufacturing sector in New Zealand rose to 52.0 from 51.2 in July, as investors look forward to second-quarter GDP data later next week. 


Now markets await US retail sales data, expected with a 0.4% increase in August, down from 0.5%. 


Import prices are estimated with a 0.2% monthly dip, and a 4.1% yearly increase, as industrial production is expected with a 0.3% increase in August, up from 0.1% in July. 


The University of Michigan's survey on consumer sentiment is estimated at 96.7 in September, up from 96.2 in August. 

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