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

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