NZ dollar gains as US inflation data stokes reflation talk, prospect of rate hikes

Wed, 15 Feb 2017

By Jonathan Underhill Feb. 16 (BusinessDesk) - The New Zealand dollar rose after stronger-than-expected US inflation figures stoked talk of global 'reflation' which will hasten central bank moves to tighten monetary policy. The kiwi advanced to 72.08 US cents as at 8am in Wellington from 71.73 cents late yesterday. The trade-weighted index rose to 78.49 from 78.11. The US consumers price index rose 2.5 percent in the 12 months through January, the biggest year-on-year gain since March 2012, and faster than economists were expecting. Ot...

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