NZ dollar gains from 5-month low after US inflation misses estimates

Thu, 10 May 2018

By Jonathan Underhill May 11 (BusinessDesk) - The New Zealand dollar, which fell to a five-month low yesterday on confirmation interest rates are set to stay low, rose overnight after US inflation came in lower than economists were expecting. The kiwi dollar rose to 69.63 US cents as at 8am in Wellington from 69.12 cents late yesterday. It fell as low as 69 cents yesterday. The trade-weighted index rose to 72.73 from 72.44. The US dollar index fell about 0.3 percent after the US consumer price index rose 0.2 percent in April, missing e...

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