NZ dollar climbs to week-high as US inflation figures, government awaited

Thu, 12 Oct 2017

By Paul McBeth Oct. 13 (BusinessDesk) - The New Zealand dollar rose to a week-high as upcoming US inflation data will give a clearer steer on whether the Federal Reserve will hike interest rates as aggressively as expected, and as NZ First prepares to weigh up which party to back in forming the next government. The kiwi gained to 71.34 US cents as at 8am in Wellington from 71.04 cents yesterday. The trade-weighted index advanced to 75.03 from 74.74. Minutes to the Federal Open Market Committee's Sept. 19-20 meeting released this week...

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