NZ dollar gains on expectation central bank will look through oil impact on inflation

Mon, 20 Apr 2015

By Jonathan Underhill April 20 (BusinessDesk) - The New Zealand dollar gained on expectation the Reserve Bank will look through the impact of weak crude oil on headline inflation to focus on more-robust core prices and won't use today's consumers price index data as a reason to cut interest rates. The kiwi rose to 77.05 US cents at 5pm in Wellington, from 76.80 cents at the New York close on Friday. The trade-weighted index rose to 80.19 from 79.80 on Friday. The consumers price index fell 0.3 percent in the first quarter, less than t...

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