New Zealand dollar gains vs Aussie on weaker-than-expected Australian CPI

Wed, 25 Jan 2017

By Rebecca Howard Jan. 25 (BusinessDesk) - The New Zealand dollar gained strongly against the Australian dollar after fourth-quarter inflation was weaker than expected across the Tasman but was unchanged against the greenback as markets continued to adopt a wait-and-see attitude toward US President Donald Trump. The kiwi rose to 96 Australian cents in Wellington from 95.50 cents late Tuesday, the highest in a month. The local currency was trading at 72.44 US cents as at 5pm from 72.39 cents at 8am and 72.44 cents late Tuesday. Wednesda...

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