NZ dollar gains as inflation rears its head in Europe

Wed, 04 Jan 2017

By Paul McBeth Jan. 5 (BusinessDesk) - The New Zealand dollar gained as investors latched onto European data showing the region experienced more rapid inflation than expected in December, raising questions about Europe's monetary policy and stoking demand for the euro. The kiwi rose to 69.56 US cents as at 8am from 69.02 cents yesterday, and the trade-weighted index advanced to 77.33 from 77.13. The euro gained after data showed consumer prices rose 1.1 percent in December, led by a jump in energy prices. That posed questions about t...

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