New Zealand dollar pushes higher on CPI but profit-taking tempers gains

Thu, 26 Jan 2017

By Rebecca Howard Jan. 26 (BusinessDesk) - The New Zealand dollar gained Thursday as investors were cheered by stronger-than-expected inflation data although some profit-taking capped gains. The kiwi rose to 72.84 US cents from 72.47 US cents as at 8 am in Wellington and 72.44 cents late Wednesday. It touched 73.12 after the CPI data was released. The trade-weighted index was at 79.42 from 79.18 after touching a high of 79.76. On Thursday, government figures showed the consumer price index rose 0.4 percent in the December quarter for...

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