NZ dollar ends the week higher as rate cut expectations fall

Fri, 25 Jan 2019

By Jenny Ruth Jan. 25 (BusinessDesk) - The New Zealand dollar is little changed today but higher than it started the week after inflation figures out on Wednesday led investors to pare back the odds of an interest rate cut this year. The kiwi was trading at 67.73 US cents at 5pm in Wellington from 67.58 cents at 8.30am and well up from 67.45 cents in New York last Friday. The trade-weighted index eased to 73.52 points from 73.50. “The day was choppy but the moves weren’t material,” says Kiwibank dealer Mike Shirley. The market large...

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