NZ dollar gains vs Aussie as local inflation seen accelerating

Sun, 14 Oct 2018

By Paul McBeth Oct. 15 (BusinessDesk) - The New Zealand dollar gained against its trans-Tasman counterpart as investors look to consumer price data tomorrow expected to show a faster pace of inflation. The kiwi rose to 91.54 Australian cents as at 8am in Wellington from 91.33 cents on Friday in New York. It was little changed at 64.98 US cents from 65.06 cents last week. Economists expect tomorrow's data will show the consumers price index rose at an annual pace of 1.7 percent in the September quarter due to increasing oil prices, Au...

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