NZ dollar gains as evidence of emerging US inflation fails to arrest greenback's slide

Thu, 15 Feb 2018

By Jonathan Underhill Feb. 16 (BusinessDesk) - The New Zealand dollar rose, briefly climbing above 74 US cents, as signs of emerging inflation pressures in the US failed to halt the greenback's slide to a 15-month low vs the yen. The kiwi rose to 73.95 US cents as at 8am in Wellington after having reached 74.10 cents overnight, from 73.71 cents late yesterday. The trade-weighted index increased to 75.50 from 75.33. The US producer price index (PPI) excluding food and energy rose 0.4 percent in January, twice the pace expected, for a ye...

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