NZ dollar firm as focus turns to Australian CPI data

Tue, 22 Jan 2013

Jan. 23 (BusinessDesk) – The New Zealand dollar is firmer ahead of Australian inflation data and after the Bank of Japan came out with an open-ended stimulus programme. The kiwi was at 84.04 US cents at 8am, up from 83.99 cents at 5pm yesterday. It fell to 74.51 yen, from 75.17 yen at 5.20pm on Tuesday after the Bank of Japan disclosed monetary policy initiatives. The yen appreciated overnight, turning around a recent trend of weakness. The kiwi would have fallen more on the yen cross if it had not been firm against the US dollar. “The Ban...

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