NZ dollar edges up ahead of local business confidence, inflation

Mon, 19 Jan 2015

By Paul McBeth Jan. 19 (BusinessDesk) - The New Zealand dollar edged up ahead of business confidence and inflation figures in coming days, as investors gauge the strength of local economy in the lead-up to Thursday's European Central Bank meeting, which is likely to unveil a major money printing programme. The kiwi closed at 77.91 US cents at 5pm in Wellington from 77.64 cents at 8am and 77.88 cents on Friday in New York. The trade-weighted index was at 79.40 from 79.35 last week. The New Zealand Institute of Economic Research releases...

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