NZ dollar falls as stronger US inflation pushes greeback to highest in more than 2 weeks

Sun, 18 Sep 2016

By Jonathan Underhill Sept. 19 (BusinessDesk) - The New Zealand dollar fell after figures showed US inflation was twice as strong as expected last month, driving the US dollar index to its highest in more than two weeks on expectations the Federal Reserve will hike interest rates this year. The kiwi fell to 72.61 US cents as at 8am in Wellington from 73.02 cents on Friday in the US before the inflation data was released. The trade-weighted index declined to 77.73 from 77.99. The US consumer price index rose 0.2 percent in August versus...

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