NZ dollar gains after RBNZ's inflation gauge accelerates at fastest pace since 2011

Tue, 17 Jul 2018

By Rebecca Howard July 17 (BusinessDesk) - The New Zealand dollar rose across the board after an inflation gauge published by the Reserve Bank accelerated at its fastest pace in seven years, easing concerns about a possible rate cut. The kiwi traded at 68.30 US cents as at 5pm in Wellington versus 67.68 cents at 8am and 67.74 cents yesterday. It gained to 91.84 Australian cents from 91.22 cents yesterday. The local currency was largely unchanged when Statistics New Zealand reported the consumers price index increased a quarterly 0.4...

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