NZ dollar gains as US inflation weighs on greenback, GDP looms

Wed, 16 Sep 2015

By Paul McBeth Sept. 17 (BusinessDesk) - The New Zealand dollar gained after US inflation sapped expectations the US Federal Reserve will hike interest rates when at this week's meeting, weighing on the greenback, and ahead of local data which will likely show slowing economic growth. The kiwi rose to 63.66 US cents at 8am in Wellington from 63.48 cents yesterday. The trade-weighted index was unchanged at 68.72. The US consumer price index shrank 0.1 percent in July, in line with expectations, but eroding optimism the Federal Open Mark...

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