NZ dollar falls amid broad US dollar strength ahead of inflation data

Wed, 13 Apr 2016

By Tina Morrison April 14 (BusinessDesk) - The New Zealand dollar fell amid broad US dollar strength ahead of American inflation figures, with soft economic data doing little to dent the greenback's rebound. The kiwi slipped to 69.18 US cents at 8am in Wellington, from 69.39 cents at 5pm yesterday. The trade-weighted index was at 73.04 from 73 yesterday. The US dollar index, which measures the greenback against a basket of currencies, jumped to its highest in a week even after March retail sales climbed only 0.2 percent, half the pace...

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