NZ dollar falls as US data points to improving economic prospects

Wed, 18 Jan 2017

By Jonathan Underhill Jan. 19 (BusinessDesk) - The New Zealand dollar fell from a month-high after US inflation and industrial figures showed the slow recovery in the world's biggest economy is on track, giving the Federal Reserve room to hike interest rates this year. The kiwi declined to 71.64 US cents as at 8am in Wellington from 72.04 cents late yesterday. The trade-weighted index fell to 78.46 from 78.72. The US consumer price index rose 0.3 percent last month, in line with market expectations, for an annual increase of 2.1 percen...

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