NZ dollar gains after weak US inflation data adds to doubts Fed will hike again

Sun, 13 Aug 2017

By Jonathan Underhill Aug. 14 (BusinessDesk) - The New Zealand dollar gained after weaker-than-expected US inflation data added to doubts the Federal Reserve will hike interest rates for the third time this year. The kiwi traded at 73.09 US cents as at 8am in Wellington, from 73.18 cents in New York on Friday and up from 72.73 cents in Wellington at the end of last week. The trade-weighted index rose to 76.99 from 76.82 in New York. The US consumer price index excluding food and fuel prices rose 0.1 percent in July, half the pace expec...

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