NZ dollar gains amid Fed doubts about pace of inflation, weak US data

Wed, 22 Nov 2017

By Jonathan Underhill Nov. 23 (BusinessDesk) - The New Zealand dollar rose to its highest level in almost a week after minutes of the last Federal Reserve policy meeting showed lingering concerns about persistently low inflation, echoing outgoing chair Janet Yellen's view that weak prices may not be transitory. The kiwi dollar rose to 68.67 US cents as at 8:30am in Wellington from 68.26 cents late yesterday. The trade-weighted index rose to 72.49 from 72.32. The Fed minutes were released after US figures showed durable goods orders une...

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