NZ dollar gains from 11-month low as inflation expectations creep higher

Fri, 05 May 2017

By Paul McBeth May 5 (BusinessDesk) - The New Zealand dollar gained from an 11-month low as rising inflation expectations halted the downward pressure on the kiwi, that it's been sharing with other currencies sensitive to falling commodity prices. The kiwi rose to 68.62 US cents as at 5pm in Wellington from an 11-month low of 68.36 cents, and though still down from 68.82 cents yesterday. The trade-weighted index decreased to 74.78 from 74.95. Respondents to the Reserve Bank of New Zealand's survey of expectations see the pace of inf...

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