NZ dollar gains after RBNZ's Wheeler cools on currency talk, soft Australian inflation

Wed, 24 Apr 2013

By Paul McBeth April 24 (BusinessDesk) - The New Zealand dollar gained against the greenback after Reserve Bank governor Graeme Wheeler backed away from talking tough on the currency, while weaker than expected Australian inflation pushed the cross-rate in the local currency's favour. The kiwi rose to 84.40 US cents at 5pm in Wellington from 84.06 cents at 8am, up from 83.94 cents yesterday. The currency rose to 82.32 Australian cents from 81.97 cents yesterday. The Reserve Bank kept the benchmark rate unchanged at 2.5 percent as expected,...

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