NZ dollar gains as US delivers stronger inflation data, weaker retail sales

Wed, 14 Feb 2018

By Jonathan Underhill Feb. 15 (BusinessDesk) - The New Zealand dollar rose as the market digested stronger-than-expected US inflation data and weaker American retail sales. The figures came after data showed a modest increase in NZ food prices while a survey showed a lift in inflation expectations. The kiwi gained to 73.65 US cents as at 8am in Wellington from 73.31 cents late yesterday. The trade-weighted index increased to 75.37 from 75.10. The New Zealand dollar initially tumbled to as low as 72.38 US cents after the US CPI data, wh...

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