NZ dollar extends gain as local inflation comes into focus

Mon, 12 Oct 2015

By Paul McBeth Oct. 13 (BusinessDesk) - The New Zealand dollar extended its gains for a seventh day as holiday in the US kept global markets quiet, and as local inflation data comes into focus for traders assessing whether the Reserve Bank will cut interest rates again. The kiwi rose to 67.13 US cents at 8am in Wellington from 66.97 cents yesterday. The trade-weighted index was little changed at 71.63 from 71.57 yesterday. Trading in global markets was subdued in the Northern Hemisphere session due to the US Columbus Day holiday, with...

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