NZ dollar climbs above 91 Aust cts as inflation misses expectations; greenback still out of favour

Wed, 31 Jan 2018

By Paul McBeth Jan. 31 (BusinessDesk) - The New Zealand dollar rose above 91 Australian cents after inflation figures across the Tasman were slightly weaker than expected, while the greenback remained out of favour as demand for risk-sensitive assets trumps the prospect of higher US interest rates. The kiwi jumped to 91.36 Australian cents 90.59 cents immediately before the inflation release and up from 90.54 cents yesterday. The local currency gained to 73.77 US cents from 73.15 cents yesterday. The Australian dollar dropped about a...

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